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

3 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.

Tier I

Sector: #18291

Sealed Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Micron Stock Predictions for 2030 Show Wide Range

chest

Analysts predict Micron's stock could range from $260 to over $2,000 by 2030, with an average target of $1,568.

user avatarMiguel Rodriguez

Future Prospects for Dogecoin: SpaceX and X Integration

chest

Elon Musk's plans for SpaceX and the potential integration of Dogecoin into his X social media platform could significantly boost its value.

user avatarArif Mukhtar

Market Correction Looms for Dogecoin After Initial Rally

chest

Market correction looms for Dogecoin after initial rally due to liquidation of longs and inflation concerns.

user avatarLuis Flores

Trump Coin Sees Major Price Surge Following White House Event

chest

Trump Coin has seen a significant price rally, increasing over 10% in 24 hours, 76% in a week, and 58% in a month, driven by President Trump's pro-cryptocurrency event and plans to purchase Bitcoin.

user avatarMaria Gutierrez

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

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.