Category: ProShares

Breaking: This Proposed ETF Could Allow Betting Against Bitcoin (BTC)

ProShares, the fund manager behind the first U.S. Bitcoin futures ETF recently applied for a new product that will allow betting against the token. A filing with the U.S. Securities and Exchange Commission showed that ProShares intended to launch the Short Bitcoin Strategy ETF, which will move inversely to a CME index that tracks Bitcoin […]

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Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months

Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months

Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last […]

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ProShares files for ETF that tracks companies focused on the metaverse

ProShares files for ETF that tracks companies focused on the metaverse

ProShares, which debuted a bitcoin futures-tied exchanged-traded fund earlier this year, wants to list an ETF that tracks companies working on metaverse-themed initiatives. If approved, ProShares Metaverse Theme ETF, according to Wednesday’s filing, will track the Solactive Metaverse Theme Index. That particular index tracks a who’s-who of technology giants, including Apple, Meta (formerly Facebook) and […]

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Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners Should ‘Oppose Spot Bitcoin ETFs in US’

Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners Should ‘Oppose Spot Bitcoin ETFs in US’

Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund (ETF) on Friday, a number of cryptocurrency advocates discussed the subject this weekend. For instance, the veteran FX trader Peter Brandt told his 581,700 Twitter followers that bitcoin maximalists “should oppose” a spot market bitcoin ETF. Bitcoiner Preston Pysh said bitcoin […]

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Valkyrie’s bitcoin futures ETF posts trade volume worth nearly $80 million on opening day

Valkyrie’s bitcoin futures ETF posts trade volume worth nearly $80 million on opening day

Valkyrie’s bitcoin futures exchange-traded fund (ETF) listed on NASDAQ Friday, scoring an $80 million debut by the end of the day’s session. Valkyrie’s Bitcoin Strategy ETF ($BTF) opened at $25 and closed the day at $24.16, according to data from Bloomberg. In sum, the day’s volume came in at about $78 million after roughly 3.1 […]

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Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%

Valkyrie’s Bitcoin Strategy ETF Debut Listing Drops Over 4% — Proshares ETF Slides 3.5%

On Friday, the Valkyrie Bitcoin Strategy Exchange-Traded Fund (ETF) launched on Nasdaq under the ticker BTF and dropped in value not too long after the ETF first came out of the gate. The second bitcoin ETF to launch in the United States followed bitcoin’s spot price movements on Friday, as BTF started the day above […]

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Bitcoin ETF May Feel Good to BTC Enthusiasts, but Adoption May Not Advance In-Kind

Bitcoin ETF May Feel Good to BTC Enthusiasts, but Adoption May Not Advance In-Kind

While cheered emphatically by the crypto community, the bitcoin ETF’s simplicity hides many drawbacks, especially for long-term investors unfamiliar with the inner workings of the futures market and the rocky results of historical ETF launches. The First Crypto’s Saga Continues as Accessibility Broadens With the first Proshares bitcoin exchange-traded fund (ETF) with ticker BITO opening […]

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Breaking: ProShares Bitcoin Futures ETF ($BITO) Becomes Fastest ETF in History to Reach $1 Billion

The first-ever Bitcoin ETF in the US by ProShares ($BITO) continues to shatter records for the second day in a row. After registering the second-highest trading volume for an ETF on Debut, $BITO has now become the fastest to accumulate $1 billion in assets that too within two days. ProShares started with $20 million in […]

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VanEck looks to be second issuer to list a bitcoin futures-based ETF

VanEck looks to be second issuer to list a bitcoin futures-based ETF

VanEck will likely follow ProShares as the second issuer to list a bitcoin futures-based exchange-traded fund (ETF), according to a new filing with the Securities and Exchange Commission (SEC). The issuer filed a post-effective amendment today proposing to list its Bitcoin Strategy ETF on Cboe BZX Exchange with an effective registration date of October 23. […]

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Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF

Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF

SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first futures-based bitcoin exchange-traded fund (ETF) in the U.S. […]

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