Volatility Shares will launch the first leveraged Bitcoin futures ETF next Tuesday.

According to a BlockBeats report on June 24th, Volatility Shares will launch its 2x Bitcoin Strategy ETF next Tuesday. The application was not rejected by the US Securities and Exchange Commission (SEC) and was effective this Friday. Stuart Barton, Chief Investment Officer of Volatility Shares, stated in an email that the ETF will start trading on Tuesday, seeking to provide daily returns twice that of the Bitcoin futures index. According to the prospectus, the fund will not directly invest in Bitcoin, but will "seek to benefit from the rise in Bitcoin futures contract prices." The SEC has previously approved Bitcoin futures ETFs, but has not yet approved spot ETFs. In the past week, companies including WisdomTree, Invesco, and BlackRock have all submitted applications for Bitcoin spot ETFs.