Volatility Shares' proposed 3x Ethereum ETF could hit CME futures threshold at just $362 million
- —SEC approved ETHK's listing on Cboe BZX on Oct. 2; first trading date pending
- —At $362.1 million in assets, ETHK would reach 8,000 CME Ether contracts, CME's accountability level
- —ETHU holds 19,204 October CME Ether contracts worth $2.61 billion against $1.31 billion in net assets
- —CME aggregates positions by control; at $1 billion in ETHK assets the combined footprint could reach 41,300 contracts
Why it matters: If CME aggregates ETHK and ETHU, the fund may hit position limits and shift to later-dated futures or options, raising costs and tracking error for holders.
Source: CryptoSlate