SEC may approve the first Ethereum 2x leveraged futures ETF

According to Fox Business Correspondent Eleanor Terrett, several companies that have applied to the Securities Exchange Commission (SEC) to issue Ethereum leveraged futures ETFs have said they have had active conversations with SEC staff about their applications, with one saying they are optimistic that the SEC will approve the funds based on communications to date.
If the SEC does not reject it, Volatility Shares' 2x Leveraged Ethereum Strategy ETF (code: ETHU) will be the first to take effect on June 4. The company launched the Bitcoin Leveraged Futures ETF (BITX) last June, six months before the SEC approved the spot Bitcoin ETF. According to Forbes, the fund has become the largest holder of Bitcoin futures contracts on the Chicago Mercantile Exchange (CME).
If the SEC allows the Ethereum leveraged futures ETF to go public, it will add another interesting color to the entire SEC's rumor that Ethereum is a security, as they will essentially double down on their bets while allowing Ethereum futures and leveraged Ethereum futures products to exist.