Leading investment products provider ProShares has filed for five different leveraged spot Bitcoin ETFs.
ProShares took action shortly after the Spot Bitcoin exchange traded fund (ETF) applications were approved. 5 different leveraged spot Bitcoin ETFs filed an application with the US Securities and Exchange Commission (SEC).
The names of the funds included in the application by the company were recorded as ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF.
The funds in question +1.5X, +2X, -1X, -1.5XAnd -2X It will offer different leverage opportunities, including: Published by ProShares prospectus According to the report, two of the funds were linked to Bitcoin in any way. will not make direct investments, Only Bitcoin futures contracts between from price differences will benefit. These ETFs Opening of trading on April 1 Waiting.
On the other hand, the other 3 funds will not open a short position directly on Bitcoin but will focus on price differences in the same way. The ETFs in question are basically Daily performance of Bloomberg Galaxy Bitcoin Index By following this, it will offer investors a different option.
Bloomberg ETF analyst Eric Balchunas commented on the subject: in the statementpointing to leveraged Bitcoin ETFs There may be a dozen or so of these on the market within a few months. he stated.
ETFStore president said on the subject: in the statement giant investment company Vanguard He took a harsh stance by stating that he would definitely not host these leveraged ETFs on his platform.
The company announced last June that it would withdraw the application for its fund, called ProShares UltraBitcoin Strategy ETF and known as the 2x leveraged Bitcoin ETF.