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Crypto Market News: The U.S. Securities and Exchange Commission’s (SEC) approval of 2x Bitcoin Strategy ETF, additionally referred to as BITX, paves approach for the Volatility Shares ETF launch on Tuesday, June 27, 2023. This will make the trade traded fund (ETF) the primary ever leveraged crypto ETF to get the SEC’s nod. The Volatility Shares ETF will enable prospects to realize publicity to the crypto market with simply 50 per cent of Bitcoin price. Meanwhile, the BTC price surpassed the $31,000 mark on Friday, within the context of latest news of Blackrock submitting for Bitcoin ETF utility with the SEC.

Also Read: Coinbase Wins In US Supreme Court Consumer Lawsuit Ruling

Apart from Blackrock, Valkyrie Investments and Bitwise additionally plan to launch its Bitcoin ETF fund. This renewed curiosity in crypto market from mainstream monetary giants led to important restoration in Bitcoin price.

Volatility Shares 2x Bitcoin Strategy ETF Launch

The Volatility Shares administration stated that the SEC had not denied its ETF utility to date. This primarily leaves the corporate open to launching the Bitcoin ETF, said Stuart Barton, the corporate’s chief funding officer. The ETF submitting stated that the Volatility Shares ETF will hyperlink up with CME Bitcoin Futures Daily Roll Index.

Also Read: Bitcoin CME Gap At $34K-$35K About To Get Filled, Monthly Expiry Sets Major Rally In July

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Anvesh stories main crypto updates round regulation, lawsuits and buying and selling traits. Published round 1,000 articles and relying on crypto and net 3.0. He is presently based mostly in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com/BitcoinReddy

The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.