• 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

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SEC Commissioner Hester Peirce Issues Important Statement on Crypto Vaults

chest

SEC Commissioner Hester Peirce has issued a statement on crypto vaults and lending strategies, highlighting that onchain activities are still subject to federal securities laws.

user avatarMiguel Rodriguez

Poolin's Financial Troubles and Auction Plans

chest

Poolin Technology Pte Ltd faced financial troubles starting September 2022, freezing withdrawals for users and issuing IOU tokens instead of repaying customers, affecting about 11,700 wallet holders owed $163.7 million, with recovery dependent on an upcoming asset auction.

user avatarLuis Flores

Poolin Technology Files for Chapter 11 Bankruptcy

chest

Poolin Technology Pte Ltd, a Singapore-based company, filed for Chapter 11 bankruptcy on July 22, 2023, facing over $100 million in obligations with less than $10 million in assets.

user avatarArif Mukhtar

SEC's Division of Enforcement Faces Leadership Transition

chest

Leadership change in SEC's Division of Enforcement as Sam Waldon departs and Osman Nawaz takes over.

user avatarMaria Gutierrez

SEC to Hold Public Roundtable on 24-Hour Trading

chest

The SEC is set to hold a public roundtable on September 17, 2026, to discuss the operational and regulatory issues surrounding the extension of trading hours in US equity markets.

user avatarDavid Robinson

Wall Street Analysts Boost AMD Stock Price Targets Amid AI Innovations

chest

Wall Street analysts are optimistic about AMD's stock price, raising targets due to new AI chips expected to outperform Nvidia.

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.