ProShares to launch new Bitcoin ETFs including UltraShort and Ultra options By Investing.com
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NEW YORK – ProShares, a premier provider of ETFs, is preparing to expand its cryptocurrency offerings with a new suite of ETFs, aiming to cater to a broad spectrum of investment strategies. The upcoming products include the UltraShort (-2x), Ultra (+2x), Short (-1x), ShortPlus (-1.5x), and Plus (+1.5x) ETFs, all based on the Bloomberg Galaxy Bitcoin Index.
In anticipation of growing demand for regulated cryptocurrency investment vehicles, these ETFs have been filed for clearance with the Securities and Exchange Commission (SEC), with an expected launch date of April 1. The move comes as the trading volumes in Bitcoin Exchange-Traded Products (ETPs) have seen a significant uptick, with nearly $10 billion traded over a recent three-day period.
This introduction of new Bitcoin ETFs by ProShares could potentially reshape the landscape of cryptocurrency investments, as it may lead to a shift in investor preference from existing products, such as Grayscale’s Bitcoin Trust, to these new regulated offerings. This shift is indicative of the market’s increasing desire for diversified and structured investment options within the digital currency space.
Moreover, major exchanges such as the NYSE, Nasdaq, and Cboe are actively seeking permissions to trade options on these forthcoming Bitcoin spot ETFs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
NEW YORK – ProShares, a premier provider of ETFs, is preparing to expand its cryptocurrency offerings with a new suite of ETFs, aiming to cater to a broad spectrum of investment strategies. The upcoming products include the UltraShort (-2x), Ultra (+2x), Short (-1x), ShortPlus (-1.5x), and Plus (+1.5x) ETFs, all based on the Bloomberg Galaxy Bitcoin Index.
In anticipation of growing demand for regulated cryptocurrency investment vehicles, these ETFs have been filed for clearance with the Securities and Exchange Commission (SEC), with an expected launch date of April 1. The move comes as the trading volumes in Bitcoin Exchange-Traded Products (ETPs) have seen a significant uptick, with nearly $10 billion traded over a recent three-day period.
This introduction of new Bitcoin ETFs by ProShares could potentially reshape the landscape of cryptocurrency investments, as it may lead to a shift in investor preference from existing products, such as Grayscale’s Bitcoin Trust, to these new regulated offerings. This shift is indicative of the market’s increasing desire for diversified and structured investment options within the digital currency space.
Moreover, major exchanges such as the NYSE, Nasdaq, and Cboe are actively seeking permissions to trade options on these forthcoming Bitcoin spot ETFs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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