The Volatility Shares 2x Ether Strategy ETF (ETHU) will be the first leveraged ether ETF in the US, with trading starting on June 4th. This launch follows the success of the Volatility Shares 2x Bitcoin fund, which opened in June 2023. The approval of the leveraged ether ETF may help pave the way for the approval of spot ether ETFs, which the SEC has not yet greenlit. The launch of the 2x Ether ETF indicates the SEC's growing appetite for further crypto-lined ETFs.