CoinShares Files With U.S. SEC for First Bitcoin Volatility ETF, CBIX

Spot bitcoin ETFs allow investors to bet on price direction, while the CoinShares Bitcoin Volatility ETF, or CBIX, targets volatility itself in a strategy similar to the U.S. stock market’s VIX. The fund would not hold bitcoin directly. Instead, it would use futures and swaps linked to the CME CF Bitcoin Volatility Index to capture implied volatility over the next 30 days, offering a hedging and trading tool during market turbulence.

CoinShares filed CBIX’s initial prospectus with the U.S. Securities and Exchange Commission on March 23, 2026, and submitted an amended filing on June 8, with plans to list the fund on Nasdaq. As of the filing date, neither the SEC nor the Commodity Futures Trading Commission had approved it. Under normal circumstances, the fund would invest at least 80% of its net assets in volatility-linked instruments. It would charge a 0.95% management fee and total annual operating expenses of 1.19%, with the estimated one-year cost of a $10,000 investment at $121.