ProShares Plans ETF, Mutual Fund Betting Against Bitcoin
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The ProShares Bitcoin Strategy ETF (BITO), which launched in October, has $1.3 billion in assets The SEC asked ETF issuer Direxion to withdraw its application for its proposed Bitcoin Strategy Bear…
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A ripple of excitement has recently coursed through the crypto market, particularly on Bitcoin. Bolstered by speculation regarding the impending approval of a spot Bitcoin exchange-traded fund (ETF) —a sentiment propelled by BlackRock’s iShares ETF’s appearance on the DTCC website—Bitcoin recorded an 18-month high trading above $35,000. This upward movement…
ProShares Trust, a popular investment company, is set to launch its XRP Exchange Traded Funds (ETF) offerings this April. As revealed in a recent filing, the U.S. Securities and Exchange Commission (SEC) has officially approved the initiative. This development marks a big step for ProShares as it expands its crypto-based…