Launch of the ETH futures ETF is canceled by Volatility Shares, citing a lack of opportunity at this time.
The co-founder and president of the company, Justin Young, shared with Cointelegraph via email that they have postponed their plans to launch, with the specific date labeled as “TBD.” Volatility Shares, a financial institution specializing in a variety of exchange-traded fund ( ETF ) offerings, has decided to cancel its intention to introduce an Ether future s ETF on October 2, citing shifts in market dynamics. In correspondence with Cointelegraph, Justin Young, the company’s co-founder and president, officially confirmed the cancellation, stating, “You are absolutely correct — we did not initiate the launch today. We did not perceive the opportune moment for this endeavor at this juncture.” Nevertheless, when questioned about the company’s future intentions regarding the launch of an ETH futures ETF, Mr. Young responded affirmatively, asserting, “Certainly,” and adding, “Our plans remain to be determined.” ETH futures ...