Volatility Shares announces $UVIX reverse split *finally*, 1:10 effective 15-January-2025.
In the last six months $UVIX has had an impressive number of round trips below and above $5. The first sub $5 close was 8-July-2024, then high of $19.97 (!) on 5-Aug-2024.

This phenomenon of big percentage moves in the $VIX reacting to relatively small $SPX moves seems to be getting even more sensitive. I'd be inclined to dismiss them as noise, which they are from a volatility points standpoint, but the investable VIX futures are reacting too,

Re: the new $ BTC-based index: $CBTX. Cboe is rolling out documentation and infrastructure for its new Bitcoin index & associated options. For starters a VIX white paper style methodology document: cdn.cboe.com/api/global/u... Fortunately, not as gnarly as the $VIX. #BTC #BTCUSD

So it appears that "ETF Rule" that Eric Balchunas (Bloomberg) references (link below) issued by the SEC (Rule 6c-11) effectively guts the passive vs active distinction for ETFs. Chat GPT generated summary of 6c-11 attached.

x.com/EricBalchuna...