Blockchain
ProShares files for 5 Bitcoin ETFs with indirect exposure
ProShares, a major issuer of exchange-traded funds (ETFs) in the United States, is working to launch several Bitcoin
BTC tickers down ETFs with indirect BTC exposure amid the first days of spot Bitcoin ETF trading on local stock exchanges.
According to a Jan. 16 filing with the U.S. Securities and Exchange Commission (SEC), ProShares wants to launch leveraged and inverse Bitcoin ETFs. The ETFs seek daily investment results from Bitcoin price increases and decreases based on the daily performance of the Bloomberg Galaxy Bitcoin Index (BGCI).
ProShares’ prospectuses specifically propose to launch five new Bitcoin ETFs, including Plus Bitcoin ETF, Ultra Bitcoin ETF, UltraShort Bitcoin ETF, Short Bitcoin ETF and ShortPlus Bitcoin ETF.
The other three funds, ProShares UltraShort Bitcoin ETF, ProShares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF, seek daily investment results based on the inverse of the daily performance of the BGCI of -2x, -1x and -1.5x, respectively. The funds do not directly short Bitcoin, ProShares stressed in the filing, adding that it seeks to benefit from decreases in the price of Bitcoin.
At the time of filing, Bitcoin was trading at around $43,000, seeing a significant decline following the launch of spot Bitcoin ETFs in the United States. Some industry investors like ARK Invest CEO Cathie Wood previously predicted that the market is likely to face a short-term sell-off due to some investors looking to cash out amid positive news.
The filling comes a few days after the U.S. SEC approved the first 10 spot Bitcoin ETFs on Jan. 10, with the first trades debuting on Jan. 11. ProShares was not one of the issuers behind the first wave of spot Bitcoin ETFs, though.
Related: Estimated $1.1B flees GBTC in 3 days as ARK begins buying own Bitcoin ETF
ProShares firm has been focused on futures-based crypto ETFs, launching one of the first Bitcoin futures-linked ETFs in the U.S. in October 2021. Its flagship BTC futures-based product, Bitcoin Strategy ETF (BITO), has seen significant growth over the past few months, briefly reaching $2 billion in assets under management (AUM) for the first time in January 2024.
Apart from BITO, ProShares also currently offers the Ether Strategy ETF, Bitcoin & Ether Market Cap Weight Strategy ETF and the Bitcoin & Ether Equal Weight Strategy ETF.
Source: Cointelegraph
The post ProShares files for 5 Bitcoin ETFs with indirect exposure appeared first on Hipther Alerts.
Following a series of successful global editions, DIFY is making a highly anticipated return to the innovation capital of the world — Dubai. The Dubai Blockchain Night 2025, organized by DIFY, took place on 29 April 2025, delivering an electrifying evening of networking, discovery, and gamified engagement right at the iconic doorstep of Palace Downtown.
We are proud to introduce our Title Sponsor – STIQY, the trusted growth and loyalty tool crafted for rising Web3 projects. Attendees experienced live interactive CTA campaigns powered by STIQY’s customizable, white-label solutions—designed to drive scalable engagement and long-term user retention.
Building on the momentum of past editions in Singapore, South Korea, Malaysia, Vietnam, Thailand and previous Dubai showcases, this year’s Dubai Blockchain Night featured a gamified experience where participants dive into real-time activation challenges onsite — gaining first-hand exposure to how STIQY’s dynamic tools operate.
Event Highlights:
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Title Sponsor: STIQY
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Co-hosts: EMERGE Group, DTC Group, 9 Cat Group
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Date: 29 April 2025
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Location: Palace Downtown
Sponsors include Verrefin, Rapidz, Sei and Avocado Guild.
Highly Curated Networking
The event brought together over 500 participants, including top Web3 stakeholders and decision-makers from the MENA and APAC regions. It served as an exclusive, invite-only gathering for founders, builders, venture capitalists, and media to connect and collaborate.
The post DIFY Announces Return to MENA with Dubai Blockchain Night 2025 appeared first on News, Events, Advertising Options.
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