ProShares on Tuesday filed prospectus materials for five leveraged and inverse exchange-traded funds, just days after the bitcoin ETFs began trading.
The names of the funds are ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF.
“one of the boxes”Seeks daily investment results, before fees and expenses, consistent with twice (2x) the daily performance of the Bloomberg Galaxy Bitcoin Index,” according to Version bulletin Material.
Two of the funds do not invest directly in bitcoin, and three of them do not invest directly in bitcoin, ProShares said in the filing.
The ProShares filing comes days after the Securities and Exchange Commission consent 11 Bitcoin ETFs, which began trading on January 11 and have been going ever since. I was born Billions of dollars in trading volume.
“It got wild fast,” Nate Geraci, Head of Investment Advisor The ETF Shop said: Comment on Tuesday’s ProShares bulletin at mail On X. “Vanguard certainly won’t have these items on its platform.”
Vanguard said it will no longer offer bitcoin ETFs on its brokerage platform, citing… Fears Due to the high volatility of Bitcoin.
Others offer parallel spot Bitcoin products
Meanwhile, the New York Stock Exchange filed 19b-4 to permit the listing and trading of options “on commodity-based credit stocks.”
Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, said the filing is aimed at being able to list options on spot bitcoin ETFs.
“All 3 exchanges had to file 19b-4 (here we go again haha). First approval was in 2 months,” Balchunas said Tuesday on Twitter. mail.
Grayscale Investments has applied for the so-called Covered call An ETF seeking income from a position in GBTC converted last week.
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