Volatility Shares launched 2x leveraged ETFs for Cardano, Stellar, and Chainlink, expanding its crypto ETF offerings. The move follows the firm's 2023 debut of the first leveraged crypto ETF in the U.S. and comes amid a more favorable regulatory environment for digital assets.
Volatility Shares debuted six new exchange-traded funds offering 2x leverage and traditional futures exposure to Cardano, Stellar, and Chainlink. The leveraged ETFs amplify daily price movements for these altcoins, which have market caps ranging from $5.6 billion to $9 billion. This expansion follows Volatility Shares' successful 2023 launch of the first leveraged crypto ETF in the U.S. tracking Bitcoin futures, which now averages 13 million daily share trades. The company previously established 2x ETFs for Bitcoin, Ethereum, Solana, and XRP. However, the SEC has signaled regulatory limits, asking issuers not to launch 5x leveraged products and warning about 3x funds.