ProShares, a leading provider of investment products, has announced that it will withdraw its application for a 2x leveraged Bitcoin (BTC) exchange-traded fund (ETF).
In an informational message on June 1, Proshares said, ProShares UltraBitcoin Strategy ETF called and 2x leveraged Bitcoin ETF application for the fund known as will withdraw reported.
About the company’s ETF to the US Securities and Exchange Commission (SEC) yet applied two months ago While it is noted that there is still a fondant any One share not sold underlined.
Posted in to the prospectus according to the fund in any way Bitcoin does not invest directly, Only Bitcoin futures contracts between from price differences he was trying to take advantage of.
The company offers back off what is the reason in the statement Although not included, the SEC’s recent bitcoin And with cryptocurrencies on related exchange traded funds your negative attitude It has been suggested that it had an impact on the decision.
According to Coinecko data, the latest 30 days in 6.8% depreciation bitcoin, end 24 hours in down 0.1% as of my writing $27,178 traded at the level.
