Volatility Shares

Volatility Shares is a U.S. ETF sponsor focused on leveraged, crypto-linked, and volatility (VIX) strategies for experienced traders. The firm is an SEC-registered investment adviser and an NFA-registered commodity pool operator, and it operates from Palm Beach Gardens, Florida. Its product roster spans VIX exposure (UVIX, SVIX), crypto-linked funds (including BITX, the first 2x bitcoin ETF in the U.S.), and new “One+One™” dual-exposure ETFs that pair broad equity indices with bitcoin.

Key Facts

• Headquarters: 2000 PGA Blvd, Suite 4440, Palm Beach Gardens, FL 33408 (per SEC filings).
• Regulatory status: SEC-registered RIA; NFA-registered CPO.
• Leadership: Co-founder & CEO Justin Young; co-founder/board member Stuart Barton; COO Chang Kim.
• Flagship crypto ETF: BITX — 2x Bitcoin Strategy ETF; launched June 27, 2023; among the first U.S. funds to offer leveraged crypto exposure.
• Additional crypto-linked ETFs: ETHU (2x Ether ETF); “One+One™” dual-exposure ETFs OOSB (S&P 500 + Bitcoin) and OOQB (Nasdaq-100 + Bitcoin), both launched Feb. 19, 2025.
• Volatility (VIX) ETFs: UVIX (2x long VIX futures) and SVIX (-1x short VIX futures).
• Scale (snapshot): BITX has grown to multi-billion-dollar AUM since launch (data varies intraday).

Product Lineup, at a Glance

Bitcoin & Ether Exposure

BITX seeks 2x the daily performance of bitcoin via CME bitcoin futures; it is a daily-resetting leveraged ETF designed for short-term tactical use. ETHU similarly targets 2x the daily performance of ether. Both funds are explicitly single-day targets and can deviate over longer holding periods due to compounding and market path.

VIX (Volatility) Strategies

UVIX provides approximately 2x daily exposure to a long VIX futures index, while SVIX targets the inverse (-1x) of a short VIX futures index. These are trading tools—not buy-and-hold exposures—and carry elevated risk, especially around volatility spikes and roll costs.

One+One™ Dual-Exposure ETFs

OOSB and OOQB combine 100% exposure to a major equity index (S&P 500 or Nasdaq-100) with 100% bitcoin exposure in a single ETF, using leverage to deliver “1+1” exposures. The line went live on Feb. 19, 2025 and is available on mainstream brokerage platforms.

Why It Matters

• Capital-efficient access: Leveraged and dual-exposure designs let traders seek targeted risk/return profiles without combining multiple funds.
• Bridge to crypto: Futures-based bitcoin/ether exposure inside a 1940-Act ETF wrapper can fit into brokerage workflows more easily than direct token custody.
• Institutional-style tools for retail: VIX and crypto leverage products broaden the tactical toolkit—though they require disciplined risk controls.

Considerations & Risks

• Daily reset & compounding: Leveraged targets are daily. Multi-day results can diverge from 2x due to compounding, especially in choppy markets.
• Futures basis & carry: Crypto and VIX funds typically gain exposure via futures, introducing basis, roll, and liquidity dynamics different from spot markets.
• Suitability: These funds are intended for sophisticated traders using defined risk management; losses can be rapid and significant.

Recent Developments

• BITX asset growth: Assets in the 2x bitcoin ETF expanded substantially as crypto markets matured and access improved.
• One+One™ rollout: OOSB/OOQB introduced a packaged approach to equity + bitcoin exposure in early 2025
• New tickers listed on site: Company materials also reference product pages for SOL (Solana) and XRP exposures (leveraged and unleveraged), indicating an expanding crypto-linked lineup. Availability and listings may vary; check current fund pages.

Bottom Line

Volatility Shares has carved out a niche at the intersection of volatility trading and crypto-linked ETFs, bringing leveraged tools such as BITX, ETHU, UVIX, and SVIX to U.S. brokerage accounts—plus dual-exposure “One+One™” funds that combine equities with bitcoin. For traders who understand daily-reset leverage and futures mechanics, the lineup offers capital-efficient ways to express directional views—provided risks are sized and monitored carefully.