Big plot twist in the SEC's playbook 🎬

Multiple companies are in "active talks" with the SEC about launching Ethereum 2x leveraged futures ETFs—and they're sounding pretty optimistic about approval odds. If all goes smooth, Volatility Shares' ETHU could go live on June 4.

Here's the spicy part: this completely contradicts the whole "Ethereum is a security" narrative. The SEC would essentially be saying "yeah, ETH futures? Cool. Leveraged ETH futures? Even cooler." Remember, BITX (Bitcoin leveraged ETF) got approved six months before spot Bitcoin ETF showed up—and it's now the largest Bitcoin futures holder on CME.

So either the SEC's stance on ETH classification isn't as hardline as everyone thinks, or they're just letting product diversity happen anyway. Either way, this signals major institutional interest in leveraged exposure to Ethereum.

The timeline: if no rejection comes in, ETHU launches June 4. That's soon enough to actually matter.