Published on 2 Apr 2024 on ETF Trends via Yahoo Finance
ProShares Debuts 2X Leveraged/Inverse Bitcoin ETFs
This article was originally published on ETFTrends.com.
ProShares added to its portfolio of bitcoin-related products today with the launch of two ETFs. One offers leveraged exposure and the other offers inverse exposure to physical bitcoin rather than bitcoin futures. The ProShares UltraBitcoin ETF (NYSE Arca: BITU) looks to provide 2x the daily price performance of bitcoin as represented by the Bloomberg Bitcoin Index. Meanwhile, the ProShares UltraShort Bitcoin ETF (NYSE Arca: SBIT) aims to deliver investors 2x the inverse of the daily performance of the same reference index.
The two funds have expense ratios of 0.95%.