Posted 4/2/2024, 8:04:32 PM
ProShares Launches Leveraged Bitcoin ETFs Offering Magnified Exposure to Crypto Volatility
- ProShares launched leveraged Bitcoin ETFs - Ultra Bitcoin ETF (BITU) offers 2x daily returns on Bitcoin
- UltraShort Bitcoin ETF (SBIT) offers inverse 2x daily returns on Bitcoin
- Launch comes after success of spot Bitcoin ETFs that have hauled in $12B in flows
- Leveraged ETFs offer magnified returns for those seeking more exposure to Bitcoin price movements
- Launch highlights demand for products that let investors capitalize on or hedge against Bitcoin volatility
