The Volatility Shares 2x Ether Strategy ETF (ETHU) is set to become the first leveraged Ethereum ETF traded on the Chicago Board Options Exchange (CBOE) by June 4, according to information on its website.

Leveraged trading allows investors to control larger positions than their initial deposit, amplifying their exposure to price movements. The platform provider lends the difference between the trade value and the investor’s margin deposit.

Several Ethereum futures ETFs are already available in the US, such as ProShares’ Ether Strategy ETF (EETH), VanEck’s Ethereum Strategy ETF (EFUT), and Bitwise’s Ethereum Strategy ETF (AETH). While these ETFs initially saw slow adoption, their trading volumes surged after the unexpected approval by the US Securities and Exchange Commission (SEC) of 19b-4 filings for eight spot ETH ETFs last week.

The launch of the leveraged Ethereum futures ETF has sparked speculation about when the recently approved ETFs will commence trading.

Nate Geraci, President of ETF Store, indicated that the registration statements for spot Ethereum ETFs could be approved within weeks or a few months at most. He emphasized that with groundwork already laid by spot Bitcoin and Ethereum futures ETFs, the timing depends on the SEC's decision, stating:

"I would expect it to happen in the next few weeks, or maximum 2-3 months. The heavy lifting has been done following the introduction of spot BTC ETFs and ETH futures ETFs. It's just a matter of how long the SEC wants to extend the process."

James Seyffart, an ETF analyst at Bloomberg, expressed a similar view during a recent podcast, noting the absence of a definitive timeline due to the necessary S-1 filing approvals, which include crucial risk disclosures.

Meanwhile, JPMorgan, a major bank, has forecasted that the ETFs will begin trading before the US November elections.