It’s the first attempt in the industry to fit something akin to sports betting into an exchange-traded fund wrapper.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
“We don’t see those launching anytime soon unless there is a change in heart or a change in staff,” Volatility Shares’ CEO said.
Even with the lights out at the SEC, it’s unlikely that ETF issuers seeking 3x and 5x funds will sail through the approval process.
As others have sought 3x leveraged ETFs, VolatilityShares is going further, raising the question of what the SEC’s leverage limit could be.