ProShares Submits Application for Five Leveraged Bitcoin Spot ETFs
According to Bloomberg analyst Henry Jim's post on X platform, ProShares has submitted five leveraged bitcoin spot ETF applications to the SEC, namely: ProShares UltraShort Bitcoin ETF (-2x), ProShares ShortPlus Bitcoin ETF (-1.5x), ProShares Short Bitcoin ETF (-1x), ProShares Plus Bitcoin ETF (+1.5x), and ProShares Ultra Bitcoin ETF (+2x).
These products track the daily performance of the Bloomberg Galaxy Bitcoin Index, with trading codes/rates to be determined and scheduled to take effect on April 1.
Bloomberg analyst Eric Balchunas said that there may be as many as a dozen similar products applied for in the market in the coming months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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