CoinShares Files to Launch First Bitcoin Volatility ETFs by June 2026
Digital asset manager CoinShares submitted regulatory filings on March 25, 2026, to introduce a suite of three exchange-traded funds (ETFs) aimed at tracking Bitcoin volatility. The proposed funds—a base, a leveraged, and an inverse ETF—are the first of their kind and could launch on the Nasdaq as early as June 2026, pending regulatory approval. This move signals a significant maturation of the cryptocurrency financial market by introducing sophisticated tools for professional traders.
Unlike existing products that offer exposure to Bitcoin's price, these ETFs will track the CME CF Bitcoin Volatility Index (BVX), which functions as a VIX-equivalent for Bitcoin by measuring its 30-day implied volatility. The base fund, set to trade under the ticker CBIX, will use derivatives like futures and swaps to provide this exposure. The filing leverages the Valkyrie ETF Trust II, a structure CoinShares acquired in its March 2024 purchase of Valkyrie Funds, accelerating its entry into the U.S. market.
Filing Arrives as Bitcoin's Volatility Declines Below Tech Stocks
The introduction of a volatility-focused product occurs at a time when Bitcoin's own price swings are moderating. A recent Charles Schwab report highlighted that Bitcoin's historical volatility fell to 42% in 2025, a figure notably lower than the volatility of major technology stocks like Tesla (63%) and Nvidia (50%). This trend suggests Bitcoin is evolving from a speculative fringe asset into a more stable component of mainstream financial portfolios.
The CoinShares filing is not a bet on a return to extreme volatility but rather a strategic play on market maturity. By providing tools to trade volatility itself, CoinShares is catering to institutional investors who use similar products in traditional equity and commodity markets to hedge risk and execute complex strategies. The creation of ETFs tracking the BVX, which recently sat at 52, formalizes volatility as a distinct, tradable asset class within the crypto ecosystem, further aligning it with established financial markets.
