ProShares Files For Five Leveraged, Inverse Bitcoin ETFs
ProShares has filed prospectus materials for five leveraged and inverse bitcoin exchange-traded funds, following the approval of 11 spot bitcoin ETFs by the Securities and Exchange Commission.
The funds include ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF, and ProShares ShortPlus Bitcoin ETF.
One of the funds seeks daily investment results that correspond to two times the daily performance of the Bloomberg Galaxy Bitcoin Index.
The filing comes after the Securities and Exchange Commission approved 11 spot bitcoin ETFs, which have generated billions of dollars in trading volume.
With inputs from Shikha Singh
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