Bitcoin futures ETF issuer ProShares filed for two long and three short Bitcoin ETFs with the SEC on the third day of spot BTC ETF trading in the United States.
ProShares, a major issuer of exchange-traded funds (ETFs) in the United States, is working to launch several Bitcoin (BTC) ETFs with indirect BTC exposure amid the first days of spot Bitcoin ETF trading on local stock exchanges.
According to a Jan. 16 filing with the U.S. Securities and Exchange Commission (SEC), ProShares wants to launch leveraged and inverse Bitcoin ETFs. The ETFs seek daily investment results from Bitcoin price increases and decreases based on the daily performance of the Bloomberg Galaxy Bitcoin Index (BGCI).
ProShares’ prospectuses specifically propose to launch five new Bitcoin ETFs, including Plus Bitcoin ETF, Ultra Bitcoin ETF, UltraShort Bitcoin ETF, Short Bitcoin ETF and ShortPlus Bitcoin ETF.
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Source: https://cointelegraph.com/news/proshares-five-etfs-indirect-bitcoin-exposure