BITX: The first SEC approved Bitcoin ETF is here.

The first leveraged Bitcoin futures exchange-traded fund (ETF) has been approved by the U.S. Securities and Exchange Commission (SEC) as of last week. On Tuesday, June 27, Volatility Shares 2x Bitcoin Strategy ETF (BITX) is set to debut on the Chicago Board Options (CBOE) BZX Exchange.

In its SEC filing, BITX stated that it “seeks investment results that correspond to two times (2x) the return of the Chicago Mercantile Exchange (CME) Bitcoin Futures Daily Roll Index.”