ProShares Files for Bitcoin ETF Combining S&P 500 and Gold Strategies

ProShares Files for Bitcoin ETF Combining S&P 500 and Gold Strategies

user avatar

by Giorgi Kostiuk

2 years ago

ProShares has filed an application to launch a new set of Bitcoin-targeted ETFs, which will track the S&P 500, Nasdaq 100, and gold.

What’s New with ProShares Bitcoin ETF?

These new ETFs from ProShares aim to provide exposure to Bitcoin using a unique investment strategy: combining long positions in stocks or gold with a parallel short of the U.S. dollar and long positions in Bitcoin using Bitcoin futures. They will track well-known indexes such as the S&P 500, Nasdaq 100, and gold.

The Success of the Bitcoin ETF Market

Launched in January, 11 Bitcoin-based ETFs have mobilized over $36 billion in investor capital. These funds enable investors to gain indirect ownership of Bitcoin without physical acquisition.

Impact of Political Changes

Political changes, particularly the digital asset endorsement by the U.S. elected president, have significantly impacted the Bitcoin market. This has led to optimism and pushed the price of Bitcoin above $100,000.

The launch of new ETFs by ProShares showcases the ongoing interest in combining traditional financial strategies with digital assets, reflecting trends in cryptocurrency market development.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

BotPsy Sets New Standards in AI Performance Benchmarks

Tether's QVAC BotPsy has achieved impressive scores in AI performance benchmarks, scoring 440 on BFCL v4 and 587 on ACEBench, surpassing larger models and demonstrating the potential of smaller AI models.

user avatarMiguel Rodriguez

Tether Launches Innovative AI Model QVAC BotPsy

Tether introduces QVAC BotPsy, an AI model with 800 million parameters that excels in performing everyday tasks on personal devices.

user avatarRajesh Kumar

CoreWeave's Strong Q3 Performance Boosts AI Sector Sentiment

CoreWeave's strong Q3 results have increased investor sentiment in the AI sector, reporting $366 million in revenue, a 168% year-over-year increase, and raised full-year guidance.

user avatarLuis Flores

Deutsche Bank Launches Crypto Custody Service for Institutions

Deutsche Bank has officially launched its crypto custody service for institutional and corporate clients in Europe.

user avatarArif Mukhtar

Yana Prikhodchenko Takes the Helm as CEO of Phase

Yana Prikhodchenko has been appointed as cofounder and CEO of Phase, a technology company focused on the AI agent economy.

user avatarDavid Robinson

Phase Unveils Layer 1 Blockchain Mainnet and AI Agent Services

Phase has launched its Layer 1 blockchain mainnet and AI agent services, enabling autonomous operations for AI agents.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.