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ProShares Debuts Amplified Bitcoin ETFs
ProShares, the leveraged fund-focused issuer, has unveiled two boosted bitcoin products to capitalize of investors' growing appetite for investment products focused on the world's largest cryptocurrency by market value. The ProShares Ultra Bitcoin ETF (BITU) will target double daily spot bitcoin returns, while the ProShares UltraShort Bitcoin ETF (SBIT) will follow the inverse path with -2x exposure. Both ETFs have an expense ratio of 0.95%, according to a Tuesday press release. "A lot of people who invest in bitcoin are traders looking to make a quick buck by buying and selling bitcoin over short time ... (full story)