• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
ProShares has submitted a request to register five new Bitcoin ETFs

ProShares has submitted a request to register five new Bitcoin ETFs

user avatar

by Max Nevskyi

2 years ago

ProShares has submitted a request to the U.S. Securities and Exchange Commission (SEC) for the registration of five new Bitcoin ETFs. Among them, there are both leveraged and reverse funds.

The list is as follows:

  1. ProShares Plus Bitcoin ETF - A fund tracking the Bloomberg Galaxy Bitcoin Index with a leverage of 1.5x.
  2. ProShares Ultra Bitcoin ETF - A similar product with some differences in terms and a leverage of 2x.
  3. ProShares UltraShort Bitcoin ETF - A reverse fund tracking the Bloomberg Galaxy Bitcoin Index with a leverage of 2x.
  4. ProShares ShortPlus Bitcoin ETF - A reverse fund based on the same index but with a leverage of 1.5x.
  5. ProShares Short Bitcoin ETF - A reverse fund without leverage.

It's important to note that none of these products directly invest in Bitcoin.

A reverse ETF changes its value in proportion to the price of the underlying asset. On the other hand, leveraged ETFs are structured to increase daily returns through borrowed funds without the risk of position liquidation.

Previously, ProShares also launched a reverse exchange-traded fund based on Ethereum and manages one of the oldest and largest Bitcoin futures ETFs, BITO, with assets exceeding $2 billion.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

BitMine Reports Significant Losses Amid ETH Price Decline

chest

BitMine Immersion Technologies reported a net loss of $3.8 billion for the three-month period ending February 28, primarily due to unrealized losses on Ethereum holdings.

user avatarMaria Fernandez

BitMine Chairman Optimistic About Crypto Market Recovery

chest

Tom Lee, the Chairman of BitMine Immersion Technologies, expresses optimism about the end of the crypto winter, suggesting the market may recover sooner than expected, with a focus on Ethereum as a wartime store of value.

user avatarDiego Alvarez

BitMine Immersion Technologies Makes Largest Weekly ETH Purchase

chest

BitMine Immersion Technologies has made its largest weekly purchase of Ethereum, acquiring 101,627 ETH valued at around $235 million.

user avatarKenji Takahashi

Crypto Analyst Predicts Bullish Outlook for Arbitrum

chest

Crypto analyst Crypto Patel predicts a bullish outlook for Arbitrum, suggesting it could reach 7,400 despite being down 96% from its all-time high.

user avatarGustavo Mendoza

Dogecoin Speculated to Join X's Payment Ecosystem Amid Price Challenges

chest

Speculation about Dogecoin's potential role in X's payment ecosystem has emerged, but its price remains around 0.09.

user avatarRajesh Kumar

Shiba Inu Achieves Major Burn Milestone Amidst Price Struggles

chest

Shiba Inu's network has achieved over 20,000 burn transactions, aiming to reduce its circulating supply. Despite this significant milestone, the price of Shiba Inu continues to trend downward.

user avatarMiguel Rodriguez

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.