Only a few days after introducing the first Bitcoin ETF that targets 2x daily Bitcoin (BTC) returns, premier ETF provider and asset manager ProShares is now eyeing a similar spot Ethereum ETF.
ProShares Making a Bold Ether ETF Play
According to senior Bloomberg analyst Eric Balchunas, ProShares has applied to list 2x and -2x spot Ethereum ETFs with the United States Securities and Exchange Commission (SEC). The fling was made as 40 Act because ProShares does not hold Ethereum directly. Instead, it utilizes swap contracts to expose investors to the cryptocurrency.
Additionally, the filing shares many similarities with the 2x spot Bitcoin ETF that ProShares introduced earlier. ProShares UltraShort Bitcoin ETF (SBIT) and ProShares Ultra Bitcoin ETF (BITU) were designed to offer the accessibility, convenience, and efficiency of traditional ETFs to investors seeking leveraged or short BTC exposure. They are a one-of-a-kind ETF but they both have their specific utilization.
This is kinda int
We współpracy z: https://coingape.com/proshares-files-to-list-two-spot-ethereum-etfs-approval-odd-is-high/
