Leveraged Bitcoin futures ETF triggers Bitcoin surge? Volatility Shares states: SEC did not reject application.

The innovative ETF company Volatility Shares claims to launch a SEC-approved double-leveraged Bitcoin futures ETF on 6/27, potentially becoming the first leveraged Bitcoin futures ETF in the United States.

Volatility Shares: SEC Did Not Reject Application

Executives at Volatility Shares informed CoinDesk that the Securities and Exchange Commission (SEC) did not reject their application for a two-times leveraged Bitcoin futures exchange-traded fund (ETF) – BITX, which is set to launch next Tuesday.

According to the filing, the ETF will be based on the S&P CME Bitcoin Futures Daily Roll Index.

Recently, companies like WisdomTree, Invesco, and BlackRock have applied for Bitcoin spot ETFs, leading to a rise in the price of Bitcoin.

Volatility Shares Expected Approval in May

In May, Volatility Shares had anticipated a potential launch on 6/13 for the two-times leveraged Bitcoin futures ETF – BITX. The expected launch date was later revised to 6/27.

Did Leveraged Bitcoin ETF Cause Bitcoin Price Surge?

While SEC approval has not been confirmed, the news led to BTC breaking through $31,000.