ProShares launches first ETF targeting 2x daily Bitcoin gains
ProShares, a major provider of ETFs, has launched the ProShares Ultra Bitcoin ETF (BITU), the first ETF to target 2x daily Bitcoin gains. At the same time, ProShares also launched the ProShares Ultra Short Bitcoin ETF (SBIT), the first ETF to target daily Bitcoin returns of -2x. BITU and SBIT are listed on the New York Stock Exchange and are designed for investors looking to leverage or short Bitcoin investments with the accessibility, convenience and efficiency of ETFs.
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