New Era

Long

Bitcoin ETF

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/new-era-in-bitcoin-etfs-with-proshares-long-and-short-options/" data-wpel-link="internal">New Era in Bitcoin ETFs with ProShares’ Long and Short Options</a> 
Today, a significant step was taken in the world of cryptocurrency as ProShares, one of the leading ETF providers, announced the initiation of a new era. ProShares is presenting to investors the first ETF, ProShares Ultra <a href="https://en.coin-turk.com/why-bitcoin-price-is-climbing/" data-wpel-link="internal">Bitcoin</a> ETF (BITU), targeting daily 2x <a href="https://coin-turk.com/celcius-network-ceosundan-2022-yili-beklentileri-bitcoin-bu-fiyat-seviyelerine-ulasabilecek-mi" data-wpel-link="internal">Bitcoin</a> returns, and similarly, the ProShares UltraShort Bitcoin ETF (SBIT) targeting daily -2x Bitcoin returns. 
<h2 style="text-align: justify" id="short-and-long-period-in-bitcoin-etfs">Short and Long Period in Bitcoin ETFs</h2> 
As stated by ProShares CEO Michael L. Sapir, “BITU and SBIT are designed to address the difficulty of engaging in leveraged or short-focused Bitcoin transactions, which can be cumbersome and costly.” These two ETFs offer investors the opportunity to pursue magnified Bitcoin returns or aim for a directional bet with less capital at risk. Additionally, SBIT allows investors to try to profit from a drop in Bitcoin price or hedge against Bitcoin risk. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-336432 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ProShares-coin-turk-com-.jpg" alt="" width="1000" height="644"> 
Listed on the New York Stock Exchange, BITU and SBIT offer an ideal option for investors looking to target leveraged or short-focused Bitcoin orientations with the accessibility, convenience, and efficiency of an ETF. 
<h2 style="text-align: justify" id="proshares-expands-its-product-range">ProShares Expands Its Product Range</h2> 
ProShares is a global leader in leveraged ETFs. They took on a pioneering role in crypto-related ETFs with the launch of the first U.S. Bitcoin-linked ETF (BITO) in October 2021. Since then, ProShares has launched a series of products including the first U.S. short-focused Bitcoin-linked ETF (BITI), the first U.S. ETF targeting <a href="https://en.coin-turk.com/ethereum-surges-past-3000-as-optimism-grows-among-traders/" data-wpel-link="internal">Ethereum</a>‘s performance (EETH), and the first short-focused Ethereum-linked ETF (SETH). 
Moreover, they have introduced ETFs targeting the combined performance of Bitcoin and <a href="https://en.coin-turk.com/ethereum-price-surges-analysts-eye-key-milestone/" data-wpel-link="internal">ETH</a> with equal weighting (BETE) and market value weighting (BETH). However, it is important to note that ETFs like BITU and SBIT do not directly invest in cryptocurrencies. 
ProShares‘ new initiative comes at a time when the cryptocurrency markets and traditional finance are becoming increasingly integrated. For investors, the introduction of these ETFs presents new opportunities to expand access to crypto assets and create more diverse investment strategies. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/new-era-in-bitcoin-etfs-with-proshares-long-and-short-options/" data-wpel-link="internal">New Era in Bitcoin ETFs with ProShares’ Long and Short Options</a></h5>

New Era in Bitcoin ETFs with ProShares’ Long and Short Options

Indice dei contenuti

COINTURK NEWS

Altri articoli pubblicati su 2 apr 2024

Surge in Venture Capital Funding for Crypto Projects

March Saw a Month-Over-Month Decrease in Crypto Hacks: PeckShield

Betting Against A Bitcoin Hoarder: Shares Of MicroStrategy Slide After Kerrisdale Capital Shares ...

Slerf Price Prediction: SLERF Slumps 41% In A Week As Traders Jump To This New Solana ICO

Bitfarms Bolsters Operations with Strategic Miner Acquisition

BlockDAG Shines With $11.6M As Presale Enters Batch 6; Ethereum Decentralisation Shifts while SUI...

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!