ProShares Seeks to Launch Bitcoin-Measured Stock, Gold ETFs

Asset management firm ProShares unveiled plans to launch three exchange-traded funds (ETFs) that would measure S&P 500, Nasdaq-100, and gold returns in Bitcoin rather than dollars, potentially creating a new category of cryptocurrency-linked investment products.

The Maryland-based investment manager, which oversees $75 billion in assets, submitted regulatory filings to the Securities and Exchange Commission detailing a strategy that combines traditional market exposure with Bitcoin futures positions.

According to company documents filed on December 27, the proposed funds would hold conventional assets while simultaneously maintaining short dollar positions and long Bitcoin futures contracts, with monthly rebalancing of the currency hedge.

The structure suggests a shift in how mainstream investment products might interact with cryptocurrency markets. Each fund would channel up to a quarter of its assets through Cayman Islands subsidiaries to maintain compliance with US tax regulations.

ProShares has yet to disclose management fees or trading symbols for the new funds. All proposals remain subject to SEC review, as the regulator continues its scrutiny of cryptocurrency investment vehicles.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Arizona Metals: The Disappointing Kay Mine Resource Estimate

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Emerge Canada: Cathie Wood-Linked ETF Firm Accused of Diverting Investor Funds

Cathie Wood’s Toronto-listed partner, Emerge Canada, is facing serious allegations from the Ontario Securities Commission,...

Tuesday, March 11, 2025, 10:35:05 AM

Bitcoin Hits New Record-High After First US ETF Prompts Renewed Sentiment

The price of bitcoin soared to a new record on Wednesday, after the first US...

Thursday, October 21, 2021, 04:32:00 PM

Goldman Sachs Sets Up New Service To Help Asset Managers Launch ETFs

Goldman Sachs (NYSE: GS) will soon get into the business of white labeling exchange-traded funds...

Wednesday, November 2, 2022, 12:40:00 PM

Single-Stock ETFs Will Soon Let Investors Bet Against AMC, GME And Other Meme Stocks

If things go according to plan, investors will soon be able to conveniently short their...

Wednesday, August 31, 2022, 02:17:00 PM

Asset Managers Rush to Launch Trump Crypto ETFs

Two asset managers filed plans Tuesday to launch funds tracking a new Trump-linked cryptocurrency, as...

Wednesday, January 22, 2025, 02:54:00 PM