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ProShares Introduces First ETF To Target 2x Daily BTC Return

ProShares, a leading ETF provider, has unveiled two major offerings in the crypto ETF arena. It launched the ProShares Ultra Bitcoin ETF (BITU) and the ProShares UltraShort Bitcoin ETF (SBIT). These funds mark a significant milestone in the world of crypto investment and will provide investors with unprecedented access to leveraged and exposure to Bitcoin.

About ProShares New Bitcoin ETF Offerings

Listed on the New York Stock Exchange, BITU and SBIT are tailored for investors seeking leveraged or short BTC exposure, offering the accessibility, convenience, and efficiency of traditional ETFs. ProShares, renowned for its expertise in geared ETFs, further solidifies its position as a leader in the crypto ETF space with these new offerings.

“BITU and SBIT are designed to address the challenge of acquiring leveraged or short exposure to Bitcoin, which can be onerous and expensive,”…

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