• 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

XRP Whale vs Retail Spread Metric Indicates Market Shift

chest

The XRP Binance Whale vs Retail Spread metric has fallen to approximately 0.888, indicating a shift in market dynamics.

user avatarMiguel Rodriguez

XRP Price Stagnates at Resistance Level Despite Daily Gains

chest

XRP price has appreciated by 18.6% over the past day but struggles to break the 1.60 resistance level.

user avatarLuis Flores

Raoul Pal Chooses Solana Over Bitcoin at Consensus 2026

chest

Raoul Pal expressed his preference for Solana over Bitcoin at the Consensus 2026 event, citing its advantages for AI and DeFi.

user avatarArif Mukhtar

Kevin Warsh's Hawkish Approach Could Pressure Bitcoin Prices

chest

Kevin Warsh's hawkish stance on monetary policy may pressure Bitcoin prices in the short term, but his understanding of digital assets could foster long-term institutional confidence.

user avatarMaria Gutierrez

Swiss Campaign for Bitcoin Reserves Fails to Gather Signatures

chest

A campaign led by Yves Bennaim to require the Swiss National Bank to hold Bitcoin alongside gold and foreign currencies has failed to gather enough signatures for a national referendum.

user avatarAndrew Smith

AMINA Bank Becomes First Regulated Institution to Support Canton Coin

chest

AMINA Bank has become the first regulated bank in Switzerland to offer custody and trading services for Canton Coin, enhancing access to digital assets for institutional clients.

user avatarDavid Robinson

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.