ProShares Launches First ETF to Target 2x Daily Bitcoin Returns
ProShares Equities for Rising Rates ETF (EQRR)
US:NASDAQ Investor Relations:
proshares.com/funds/eqrr.html
Company Research
Source: Business Wire
Also launches first ETF to target -2x daily bitcoin returns BETHESDA, Md.--(BUSINESS WIRE)--Today, ProShares, a premier provider of ETFs, is launching ProShares Ultra Bitcoin ETF (BITU), the first ETF to target 2x daily bitcoin returns. At the same time, ProShares is also launching ProShares UltraShort Bitcoin ETF (SBIT), the first ETF to target -2x daily bitcoin returns.“BITU and SBIT are designed to address the challenge of acquiring leveraged or short exposure to bitcoin, which can be onerous and expensive,” said ProShares CEO Michael L. Sapir. “BITU offers investors the opportunity to pursue magnified bitcoin returns or target a level of exposure with less money at risk. SBIT allows investors to seek to profit when the price of bitcoin drops or hedge their bitcoin exposure.”BITU and SBIT, listed on the New York Stock Exchange, are designed for investors who want to target leveraged or short bitcoin exposure with the accessibility, convenience and efficiency of an ETF.ProShares
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