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Published on 3 Apr 2024 on etf.com via Yahoo Finance

ProShares Debuts Amplified Bitcoin ETFs

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Bitcoin - Chart - Coins

ProShares, the leveraged fund-focused issuer, has unveiled two boosted bitcoin products to capitalize of investors' growing appetite for investment products focused on the world's largest cryptocurrency by market value.

The ProShares Ultra Bitcoin ETF (BITU) will target double daily spot bitcoin returns, while the ProShares UltraShort Bitcoin ETF (SBIT) will follow the inverse path with -2x exposure. Both ETFs have an expense ratio of 0.95%, according to a Tuesday press release.

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