ProShares Files for Five Leveraged and Inverse ETFs
If you’ve been following the latest news in the crypto space, you’ll know that ProShares has filed prospectus materials for five leveraged and inverse ETFs. This comes days after we saw the launch of spot Bitcoin ETFs in the US. The president of investment advisor The ETF Store, Nate Geraci, called these products “aggressive” and noted that Vanguard is unlikely to add them to their platform.
The funds include Proshares Plus Bitcoin ETF, ProShares UltraShort Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares ShortPlus Bitcoin ETF, and ProShares Short Bitcoin ETF. These funds seek to correspond to the daily performance of the Bloomberg Galaxy Bitcoin Index, with some directly investing in Bitcoin while others do not.
Vanguard’s Lack of Interest in Bitcoin ETFs
On the other hand, Vanguard, the second-largest asset manager globally, revealed that it will not be adding spot Bitcoin ETFs to its platform. The company’s focus is on asset classes like equities, bonds, and cash for its clients, and the decision has not sat well with some customers. Clients expressed outrage at this, with some reportedly shifting their investments to Fidelity.
Hot Take
What do you think about these developments? As the crypto space continues to evolve and grow, it’s essential to stay updated on the latest trends and investment opportunities.
By
By
By
By