{"id":9942,"date":"2024-01-17T18:58:00","date_gmt":"2024-01-17T18:58:00","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9942"},"modified":"2024-01-17T18:58:00","modified_gmt":"2024-01-17T18:58:00","slug":"proshares-inverse-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/proshares-inverse-bitcoin-etf\/","title":{"rendered":"ProShares: Inverse Bitcoin ETF"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:144\">ProShares, spot bitcoin ETFs that started trading on January 10th, submitted presentation materials for an inverse bitcoin exchange-traded fund.<\/p>\n<blockquote>\n<p data-sourcepos=\"5:1-5:456\">You might like:\u00a0<span style=\"text-decoration: underline;\"><a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-a-popular-analysts-200000-prediction\/\" target=\"_blank\" rel=\"noopener\"><strong><em>Bitcoin: A Popular Analyst\u2019s $200,000 Prediction<\/em><\/strong><\/a><\/span><\/p>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:41\"><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1174610\/000168386324000107\/f37305d1.htm#xx_b9d30efd-0aa2-4bfa-b8fe-88fca04c6282_1\" target=\"_blank\" rel=\"noopener\"><strong>Click here to access the SEC content.<\/strong><\/a><\/span><\/p>\n<p data-sourcepos=\"7:1-7:46\">The names of the funds applied are as follows:<\/p>\n<ul data-sourcepos=\"9:1-14:0\">\n<li data-sourcepos=\"9:1-9:28\">ProShares Plus Bitcoin ETF<\/li>\n<li data-sourcepos=\"10:1-10:29\">ProShares Ultra Bitcoin ETF<\/li>\n<li data-sourcepos=\"11:1-11:34\">ProShares UltraShort Bitcoin ETF<\/li>\n<li data-sourcepos=\"12:1-12:29\">ProShares Short Bitcoin ETF<\/li>\n<li data-sourcepos=\"13:1-14:0\">ProShares ShortPlus Bitcoin ETF<\/li>\n<\/ul>\n<p data-sourcepos=\"15:1-15:45\">One of these 5 funds is explained as follows:<\/p>\n<p data-sourcepos=\"17:1-17:244\">Seeks daily investment results that correspond to two times (2x) the daily performance of the Bloomberg Galaxy Bitcoin Index, before fees and expenses. Two of the funds do not invest directly in bitcoin, and three do not directly short bitcoin.<\/p>\n<p data-sourcepos=\"19:1-19:227\">The approval of 11 spot bitcoin ETFs on January 11th by the Securities and Exchange Commission (SEC), including ProShares, gave rise to billions of dollars in trading volume. The application came a few days after this approval.<\/p>\n<p data-sourcepos=\"21:1-21:168\">Investment advisor and president of The ETF Store, Nate Geraci, posted a post via X. In the content of the post, he commented on the application and said the following:<\/p>\n<p data-sourcepos=\"23:1-23:84\">Vanguard definitely won&#8217;t have these on their platforms.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ProShares files for leveraged &amp; inverse bitcoin ETFs&#8230;<\/p>\n<p>+1.5X, +2X, -1X, -1.5X, and -2X<\/p>\n<p>Quickly getting wild.<\/p>\n<p>Vanguard definitely won&#39;t have these on their platform. <a href=\"https:\/\/t.co\/8unjgNfSVZ\">pic.twitter.com\/8unjgNfSVZ<\/a><\/p>\n<p>&mdash; Nate Geraci (@NateGeraci) <a href=\"https:\/\/twitter.com\/NateGeraci\/status\/1747381776740213090?ref_src=twsrc%5Etfw\">January 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-sourcepos=\"25:1-25:130\">Vanguard said it would not offer spot Bitcoin ETFs on its brokerage platform, expressing concerns about Bitcoin&#8217;s high volatility.<\/p>\n<h2 data-sourcepos=\"27:1-27:55\"><span style=\"font-size: 75%;\">Other Companies Also Moving in Parallel to Spot Bitcoin (ProShares)<\/span><\/h2>\n<p data-sourcepos=\"29:1-29:133\">The New York Stock Exchange filed a 19b-4 application to allow the listing and trading of options on &#8220;Equity-Based Trust Securities&#8221;.<\/p>\n<p data-sourcepos=\"31:1-31:130\">Bloomberg Intelligence senior ETF analyst Eric Balchunas said the application was to be able to list options on spot bitcoin ETFs.<\/p>\n<p data-sourcepos=\"33:1-33:140\">Grayscale Investments filed for a closed-end call ETF that aims to generate income from a position in the GBTC that was converted last week.<\/p>\n<hr \/>\n<div class=\"response-container-content ng-tns-c2554761050-128\">\n<div class=\"response-content ng-trigger ng-trigger-responsePopulation ng-tns-c2554761050-128 ng-animate-disabled\">\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<div>\n<div>\n<div>\n<div>\n<div>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/strong><\/a>and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ProShares, spot bitcoin ETFs that started trading on January 10th, submitted presentation materials for an inverse bitcoin exchange-traded fund. You might like:\u00a0Bitcoin: A Popular Analyst\u2019s $200,000 Prediction Click here to access the SEC content. The names of the funds applied are as follows: ProShares Plus Bitcoin ETF ProShares Ultra Bitcoin ETF ProShares UltraShort Bitcoin ETF<\/p>\n","protected":false},"author":1,"featured_media":9943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[534,3094,1096,2327],"class_list":["post-9942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etf","tag-etfs","tag-grayscale","tag-proshares"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ProShares: Inverse Bitcoin ETF - Coin Engineer<\/title>\n<meta name=\"description\" content=\"ProShares, spot bitcoin ETFs that started trading on January 10th, submitted presentation materials for an inverse bitcoin ETF.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/proshares-inverse-bitcoin-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ProShares: Inverse Bitcoin ETF - 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