First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since Debut
The ETF saw about $500K worth of trades in the first 15 minutes.
Volatility Shares 2x Bitcoin Strategy exchange-traded-fund (BITX), the first leveraged crypto ETF in the U.S., started trading on Tuesday, witnessing about $4.2 million of worth of trading volume so far since it went live.
The ETF saw about $500k worth of shares traded in the first 15 minutes, according to data from Bloomberg. The current share price of BITX is around $15.48, after rising as much as 2% to $15.90 since the start of the trading session.
The U.S. Securities and Exchange Commission (SEC) , setting the stage for it to start trading on Tuesday. A number of futures-based ETF products already trade in the U.S.; however, the SEC has consistently blocked spot products from launching. Other leveraged bitcoin futures products have also failed to secure the necessary approvals to launch.
The first ETF backed by bitcoin futures to launch was ProShares’ BITO, which saw about $1 billion of trading volume on its first day of trading in 2021, according to ProShares, and hauled in .
Edited by Nelson Wang.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Striking baristas win $38.9 million in compensation, yet contract disputes continue
- Starbucks settles NYC Fair Workweek Law violations for $38.9M, including $35.5M restitution to 15,000+ workers. - Striking baristas demand collective bargaining amid ongoing labor disputes and unionization efforts at 550 stores. - Mayor-elect Mamdani and Sen. Sanders join protests, framing demands as moral issues against corporate resistance. - Settlement addresses 500,000 scheduling violations since 2021, with workers receiving $50/week compensation. - Starbucks defends labor law complexity but faces cr
Evaluating How Fluctuations in PENGU Prices Influence the Actions of Retail Investors
- PENGU’s 2025 price swings (0.007–0.028) highlight crypto volatility’s impact on retail investors, exposing behavioral biases like herding and overconfidence. - Social media-driven FOMO caused 480% July 2025 surges, followed by panic-driven 28.5% October declines, mirroring 2021 crypto trends. - Loss aversion led investors to hold losing PENGU positions despite 11.56% 24-hour drops, worsening market downturns through the disposition effect. - Risk education gaps and scams (e.g., phishing) amplified PENGU’
House Report Accuses Biden Administration of Restricting Crypto with Unclear Regulations
Strategy Inc Launches $1.44B Reserve Fund as Part of Its Major Treasury Move
Trending news
MoreCrypto prices
More
