ProShares Submits Application for Five Leveraged Bitcoin Spot ETFs

According to Bloomberg analyst Henry Jim's post on X platform, ProShares has submitted five leveraged bitcoin spot ETF applications to the SEC, namely: ProShares UltraShort Bitcoin ETF (-2x), ProShares ShortPlus Bitcoin ETF (-1.5x), ProShares Short Bitcoin ETF (-1x), ProShares Plus Bitcoin ETF (+1.5x), and ProShares Ultra Bitcoin ETF (+2x).

These products track the daily performance of the Bloomberg Galaxy Bitcoin Index, with trading codes/rates to be determined and scheduled to take effect on April 1.

Bloomberg analyst Eric Balchunas said that there may be as many as a dozen similar products applied for in the market in the coming months.