Volatility Shares Files 32 ETFs Tied to On-Ice NHL Team Performance

Volatility Shares has filed for 32 team-specific ETFs covering every NHL franchise, creating an unusual way to gain financial exposure to individual teams’ on-ice results. Each fund would track futures linked to a CME FSPI NHL Sports Performance Index, whose value moves using 55 measures of game performance, including real-time play-by-play statistics and wins and losses. The indexes start each season at 7,500, fluctuate through the regular season and playoffs, then reset after the postseason. The ETFs expect to obtain futures exposure through Cayman subsidiaries, while also holding collateral such as Treasuries and other high-quality instruments.