ProShares Submits Application for Five Leveraged Bitcoin Spot ETFs

Odaily News Bloomberg Intelligence analyst Henry Jim posted on the X platform that ProShares has submitted five leveraged Bitcoin spot ETF applications to the SEC, namely: ProShares UltraShort Bitcoin ETF (-2 times), ProShares ShortPlus Bitcoin ETF (-1.5 times), ProShares Short Bitcoin ETF (-1x), ProShares Plus Bitcoin ETF (+1.5x), ProShares Ultra Bitcoin ETF (+2x). These products track the daily performance of the Bloomberg Galaxy Bitcoin Index, with trading codes/fees to be determined and tentatively scheduled to take effect on April 1. Bloomberg analyst Eric Balchunas said there could be as many as a dozen similar product applications on the market within months.