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The recent headlines in the cryptocurrency market have been dominated by the US-Iran war and the volatility experienced by Bitcoin and altcoins.
While everyone was hoping for the war to end and the resulting uncertainty to disappear as soon as possible, negative developments quietly occurred for three altcoins.
Accordingly, Volatility Shares launched 2x leveraged ETFs for $ADA, $XLM, and $LINK.
US-based fund manager Volatility Shares announced the launch of a 2x leveraged ETF based on Cardano ($ADA), Stellar ($XLM), and Chainlink ($LINK). This launch strengthens the firm’s portfolio of cryptocurrency exchange-traded products in the US.
These ETFs are designed to track twice the price movement of their respective assets. In addition to these products, the company has also launched standard futures-based ETFs for the same three assets.
Volatility Shares had previously launched leveraged ETFs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.
Volatility Shares analyst Sunny Sun said, “This ETF launch signals a shift from broad market risk exposure to asset-specific strategies. These primarily target professional investors seeking investments concentrated in specific crypto ecosystems.”
Volatility Shares is launching leveraged ETFs for three popular altcoins, while the U.S. Securities and Exchange Commission (SEC) maintains a cautious stance regarding highly leveraged assets.
The SEC recently urged issuers to avoid launching 5x leveraged ETFs, expressing concerns about the risks associated with 3x products.
*This is not investment advice.