The first leveraged Ethereum ETF in the United States has been listed, with a trading volume exceeding 5 million US dollars on the first day

Bloomberg ETF analyst Eric Balchunas said on platform X: "The first leveraged Ethereum ETF in the United States, namely Volatility Shares 2x Ethereum ETF (ETHU), was listed today with a trading volume exceeding $5 million. This is already quite good for newly listed ETFs and it's more than the total trading volume of all Ether futures ETFs on their first day of listing. However, compared to Bitcoin, this is still insignificant. In terms of background, both IBIT and BITO reached 200 times this trading volume on their first day. But to be fair, these are only long funds launched by large issuers. And this is a 2x leverage product launched by an independent company. So let me reiterate that the good news is: relative to ordinary ETFs, the first-day trading volume is large; The bad news is: compared to Bitcoin, this trading volume is negligible."