A look at crypto ETF milestones in 2023 — and where spot bitcoin funds stand

Several crypto ETF firsts in 2023 have perhaps been overshadowed by the unresolved spot bitcoin ETF saga.

Volatility Shares launched the first leveraged bitcoin futures ETF in the United States. The US Securities and Exchange Commission also gave ether futures funds the green light — two years to the month after the first BTC futures ETFs hit the market. 

While Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) has grown to roughly $170 million in assets, the initial interest in ether futures ETFs has left many underwhelmed. 

The six ether futures ETFs that launched on Oct. 2 had combined assets under management of about $34 million, as of Dec. 20. The Valkyrie Bitcoin and Ether…

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