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Is ProShares' Short Ether Strategy ETF (SETH) Launching in November? ✅ #ProShares is gearing up to launch the ProShares Short Ether Strategy ETF (SETH) in November, capitalizing on the recent approval of Ethereum futures ETFs. This offering is part of a trio of Ether futures exchange-traded funds (ETFs) introduced by ProShares. #SETH is scheduled to be listed on the NYSE Arca exchange and aims to mirror the inverse daily performance of the S&P CME Ether Futures Index. Notably, SETH does not directly short Ether but seeks to profit from price dips. ProShares anticipates the ETF's registration statement to become effective on October 15, with plans to introduce the fund in early November. This development follows the approval of Ether futures ETFs by the U.S. Securities and Exchange Commission, arriving almost two years after the first Bitcoin futures #ETF . ProShares, which previously introduced Bitcoin futures ETFs, has seen significant assets under management in these funds, with the ProShares Bitcoin Strategy ETF amassing around $850 million and the Short Bitcoin Strategy ETF holding approximately $75 million. #Binance #crypto2023
Is ProShares' Short Ether Strategy ETF (SETH) Launching in November? ✅

#ProShares is gearing up to launch the ProShares Short Ether Strategy ETF (SETH) in November, capitalizing on the recent approval of Ethereum futures ETFs.

This offering is part of a trio of Ether futures exchange-traded funds (ETFs) introduced by ProShares. #SETH is scheduled to be listed on the NYSE Arca exchange and aims to mirror the inverse daily performance of the S&P CME Ether Futures Index.

Notably, SETH does not directly short Ether but seeks to profit from price dips. ProShares anticipates the ETF's registration statement to become effective on October 15, with plans to introduce the fund in early November.

This development follows the approval of Ether futures ETFs by the U.S. Securities and Exchange Commission, arriving almost two years after the first Bitcoin futures #ETF .

ProShares, which previously introduced Bitcoin futures ETFs, has seen significant assets under management in these funds, with the ProShares Bitcoin Strategy ETF amassing around $850 million and the Short Bitcoin Strategy ETF holding approximately $75 million.

#Binance
#crypto2023
#BitcoinOurWorld #ProShares #ETFsApproval ProShares Introduces Enhanced Bitcoin ETFs The issuer of leveraged funds, ProShares, has launched two increased bitcoin products in response to investors' increasing need for investment vehicles that center around the largest cryptocurrency in the world by market value. The ProShares UltraShort Bitcoin ETF (SBIT), which has a -2x exposure, will take the opposite course from the ProShares Ultra Bitcoin ETF (BITU), which aims to double daily spot bitcoin gains. Two ETFs have a cost ratio of 0.95%, the company announced on Tuesday. According to etf.com analyst Sumit Roy, "many investors in bitcoin are traders looking to make a quick buck by buying and selling bitcoin over short time periods." "Those short-term traders can use leveraged bitcoin ETFs to get more bang for their buck when bitcoin rises." The enhanced funds are making their debut over three months after the Securities and Exchange Commission approved the 10 spot bitcoin ETFs to start trading. With more than $60 billion in assets under management, the ETFs—which include the Fidelity Wise Origin Bitcoin Fund (FBTC) and the iShares Bitcoin Trust (IBIT) by BlackRock Inc.—have been the most successful ETF launches ever. Since early January, the largest, IBIT, has created an astounding $18 billion under management. The ETF launches have contributed significantly to the staggering 57% increase in the price of bitcoin this year. However, over the last seven days, the price of bitcoin has dropped 4%, hovering at $66,000, or roughly where it was ten days ago, according to CoinMarketCap. Visit Bitcoin Mania Spot with leverage One option for investors to wager against or invest in cryptocurrencies is through bitcoin funds. They can increase the volatility of the asset even though they can assist some investors in hedging their exposure to bitcoin. According to ProShares CEO Michael L. Sapir, investors can "target a level of exposure with less money at risk" with BITU and SBIT, but leveraged and short exposure can typically be "onerous and expensive."
#BitcoinOurWorld #ProShares #ETFsApproval

ProShares Introduces Enhanced Bitcoin ETFs

The issuer of leveraged funds, ProShares, has launched two increased bitcoin products in response to investors' increasing need for investment vehicles that center around the largest cryptocurrency in the world by market value.

The ProShares UltraShort Bitcoin ETF (SBIT), which has a -2x exposure, will take the opposite course from the ProShares Ultra Bitcoin ETF (BITU), which aims to double daily spot bitcoin gains. Two ETFs have a cost ratio of 0.95%, the company announced on Tuesday.

According to etf.com analyst Sumit Roy, "many investors in bitcoin are traders looking to make a quick buck by buying and selling bitcoin over short time periods." "Those short-term traders can use leveraged bitcoin ETFs to get more bang for their buck when bitcoin rises."

The enhanced funds are making their debut over three months after the Securities and Exchange Commission approved the 10 spot bitcoin ETFs to start trading. With more than $60 billion in assets under management, the ETFs—which include the Fidelity Wise Origin Bitcoin Fund (FBTC) and the iShares Bitcoin Trust (IBIT) by BlackRock Inc.—have been the most successful ETF launches ever. Since early January, the largest, IBIT, has created an astounding $18 billion under management.

The ETF launches have contributed significantly to the staggering 57% increase in the price of bitcoin this year. However, over the last seven days, the price of bitcoin has dropped 4%, hovering at $66,000, or roughly where it was ten days ago, according to CoinMarketCap.

Visit Bitcoin Mania

Spot with leverage One option for investors to wager against or invest in cryptocurrencies is through bitcoin funds. They can increase the volatility of the asset even though they can assist some investors in hedging their exposure to bitcoin.

According to ProShares CEO Michael L. Sapir, investors can "target a level of exposure with less money at risk" with BITU and SBIT, but leveraged and short exposure can typically be "onerous and expensive."
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🔥🔥🔥 Four Major #ETFBitcoin Issuers Meet SEC, Raising Hopes for Approval 🔥🔥🔥 According to a Bloomberg analyst, four major Bitcoin ETF issuers have met with the SEC over the past few days. This development has sparked optimism among cryptocurrency enthusiasts, as it suggests that the regulatory body may be nearing a decision on Bitcoin ETF approval. Key points: - Meetings with SEC: Four major issuers, including Grayscale, #VanEck , Valkyrie, & #ProShares , held meetings with the SEC to discuss their Bitcoin ETF proposals. - Increased optimism: These meetings have fueled speculation that the SEC may be preparing to approve a Bitcoin ETF, potentially as early as the end of 2023. - Previous rejections: The SEC has previously rejected numerous Bitcoin ETF proposals, citing concerns about market manipulation & investor protection. - Shifting sentiment: SEC Chairman #Gensler's recent statements signal a potential shift in favor of Bitcoin ETFs, particularly those backed by physical holdings Potential implications: - Enhanced market access: A Bitcoin ETF would provide investors with a more accessible & regulated way to gain exposure to Bitcoin, potentially attracting a wider range of investors & boosting institutional adoption. - Increased liquidity: An ETF would likely increase liquidity in the Bitcoin market, potentially leading to lower price volatility. - Legitimization of Bitcoin: The SEC's approval of a Bitcoin ETF would be a significant step towards legitimizing Bitcoin as a legitimate asset class. Challenges and uncertainties: - Regulatory hurdles: SEC's concerns on market manipulation & investor protection may require additional scrutiny before approval. - Competition among issuers: Multiple issuers vying for the first Bitcoin ETF approval could lead to delays or complications. - Market volatility: Bitcoin's inherent price volatility remains a concern for some investors & regulators. SEC meetings and a favorable court ruling offer hope for future US Bitcoin ETFs, but no official decisions have been announced. #BinanceSquare $BTC
🔥🔥🔥 Four Major #ETFBitcoin Issuers Meet SEC, Raising Hopes for Approval 🔥🔥🔥

According to a Bloomberg analyst, four major Bitcoin ETF issuers have met with the SEC over the past few days. This development has sparked optimism among cryptocurrency enthusiasts, as it suggests that the regulatory body may be nearing a decision on Bitcoin ETF approval.

Key points:

- Meetings with SEC: Four major issuers, including Grayscale, #VanEck , Valkyrie, & #ProShares , held meetings with the SEC to discuss their Bitcoin ETF proposals.

- Increased optimism: These meetings have fueled speculation that the SEC may be preparing to approve a Bitcoin ETF, potentially as early as the end of 2023.

- Previous rejections: The SEC has previously rejected numerous Bitcoin ETF proposals, citing concerns about market manipulation & investor protection.

- Shifting sentiment: SEC Chairman #Gensler's recent statements signal a potential shift in favor of Bitcoin ETFs, particularly those backed by physical holdings

Potential implications:

- Enhanced market access: A Bitcoin ETF would provide investors with a more accessible & regulated way to gain exposure to Bitcoin, potentially attracting a wider range of investors & boosting institutional adoption.

- Increased liquidity: An ETF would likely increase liquidity in the Bitcoin market, potentially leading to lower price volatility.

- Legitimization of Bitcoin: The SEC's approval of a Bitcoin ETF would be a significant step towards legitimizing Bitcoin as a legitimate asset class.

Challenges and uncertainties:

- Regulatory hurdles: SEC's concerns on market manipulation & investor protection may require additional scrutiny before approval.

- Competition among issuers: Multiple issuers vying for the first Bitcoin ETF approval could lead to delays or complications.

- Market volatility: Bitcoin's inherent price volatility remains a concern for some investors & regulators.

SEC meetings and a favorable court ruling offer hope for future US Bitcoin ETFs, but no official decisions have been announced.

#BinanceSquare $BTC
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