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ProShares Files for Five Inverse and Leveraged Bitcoin ETFs

Twitter icon  •  Published il y a 3 mois  •  Hassan Maishera

ProShares has filed a prospectus with the US SEC to launch five leveraged and inverse Bitcoin exchange-traded funds.

TL;DR

  • ProShares wants to list five inverse and leveraged Bitcoin exchange-traded funds (ETFs).

  • The names of the funds are ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF.

ProShares wants to List Five Inverse and Leveraged Bitcoin ETFs

ProShares, an issuer of ETFs, filed prospectus materials for five leveraged and inverse Bitcoin ETFs on Tuesday. This latest development comes barely a week after spot Bitcoin ETFs began trading in the United States.

According to the prospectus, the names of the funds are ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF. 

One of the ETFs seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Bloomberg Galaxy Bitcoin Index. 

ProShares revealed that two of the ETFs don’t directly invest in BTC while three do not directly short the cryptocurrency. 

This latest filing comes a few days after the United States Securities and Exchange Commission (SEC) approved 11 spot bitcoin ETFs. The ETFs began trading on January 11 and have recorded nearly $10 billion in trading volume since then.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.