A new exchange-traded fund (ETF) backed by Bitcoin (BTC) futures and with 2x leverage is set to go live on Tuesday after the Securities and Exchange Commission (SEC) appears to have given the greenlight.
The ETF, sponsored by Volatility Shares Trust, will be listed on the CBOE BZX Exchange under the ticker BITX, according to an SEC filing.
The filing further explained that the fund “seeks investment results that correspond to two times (2x) the return of the Chicago Mercantile Exchange (CME) Bitcoin Futures Daily Roll Index.”
News that the ETF is set to go live was shared on Twitter by Bloomberg’s senior ETF analyst Eric Balchunas, who said he was originally “doubtful it would happen,” before adding that it now “looks like it’s official.”
here’s good reason why Rivian Automotive (NASDAQ: RIVN) shares are soaring to start the holiday-shortened trading week. As of 11 a.m. ET, Rivian stock was higher by 12.6% after starting the day up by as much as 16.4%. So what Rivian shares are down by more than 80% since the start of 2022. That’s because…
Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem. Binance Labs, the investment arm of leading cryptocurrency exchange Binance, took the lead in the funding round, Binance said in a Wednesday blog post. Cryptonative investment firm CoinFund co-led the funding. Delphi Ventures, LongHash, and Nomad also participated in the round….
The finance expert shared the warning on The Martin Lewis Money Show The button issue arises when travellers take out cash or pay with plastic READ MORE: The world’s 50 best restaurants for 2023: Eatery in Peru is No.1 Money expert Martin Lewis has warned Britons that there’s one button they should never press while holidaying overseas. When travellers…
ISLAMABAD: The Pakistan Telecommunications Authority (PTA) on Thursday said the nation had “adequate web limit” for the COVID-19 lockdown after web use rose 15% longer than seven days individuals for the most part remained at home. The Pakistan Telecommunications Authority (PTA) said “a net increment of around 15% in web use was seen since a…
Prime Minister Imran Khan said his government had “achieved another commitment” by introducing the ICT City App which it said brings government directly to the public gates and all city departments together. This has become very critical at the time of the rollout of Covid-19, “he said in a titter, adding that it offers about…
Crypto exchange Gemini has announced plans to expand into the Asia-Pacific (APAC) region to capture the “next wave of growth for crypto.” The US-based crypto exchange aims to increase its headcount in Singapore and establish an engineering division in India, the platform said in a Monday blog post. “We are excited to announce our expansion plans in APAC as Gemini’s leadership team recently…