Volatility Shares cancels ETH-ETF futures launch, ‘didn’t see the opportunity at this point in time’
The company’s co-founder and president, Justin Young, told Cointelegraph in an email that plans to launch at a later date were “TBD.” Volatility Shares, a financial firm offering a range of exchange-traded fund (ETF) products, has cancelled its plans to launch an Ethereum future s ETF on Oct. 2, citing changes in the market. In an email with Cointelegraph, the company’s co-founder and president, Justin Young, confirmed the cancellation: “You are correct, we did not launch today. We didn't see the opportunity at this point in time.” However, in a follow-up email, when asked if the company still planned to launch an ETH future s ETF at a later date Young responded “of course” adding that “plans are TBD.” An Etheruem futures ETF is an exchange-traded fund that tracks the prices of Ethereum futures contracts — agreements to trade ETH at a specific time and price in the future. Essentially, it allows investors to be involved in ETH trading without having to actually hold any Ethereu...