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...Crypto powerhouse Grayscale Investments has filed with the US Securities and Exchange Commission to launch a Bitcoin Trust Covered Call ETF, which would be based on options on its $23.5bn Bitcoin Trust ETF...
...ProShares this week disclosed plans to launch five ETFs, including one that would offer twice the daily exposure to a bitcoin-tracking index and others to provide inverse bitcoin returns, paying out up to...
...When ProShares launched the first bitcoin futures ETF in 2021, it pulled in $1bn in two days....
...However, he said he had bought a futures-based bitcoin ETF in his personal Vanguard account: the ProShares Bitcoin Strategy ETF. “Simply put, this is contradictory....
...The funds’ collective performance also fell short of the $1bn that ProShares pulled in on its first two days after launching a bitcoin futures ETF in October 2021....
...The ProShares Bitcoin Strategy ETF (BITO) now stands at $1.4bn, and it tracks the crypto token through futures....
...An earlier ETF based on bitcoin futures, rather than the spot cryptocurrency, pulled in $1bn in investor money in the first two days of its launch in late 2021 by ProShares....
...There are only two private equity-focused ETFs, he said: the $202mn Invesco Global Listed Private Equity and the $8mn ProShares Global Listed Private Equity ETFs....
..., which existed previously as a trust, which is a different legal structure and now exists as an ETF....
...All of the providers are hoping to benefit from a rush into the asset class akin to the $1bn that flooded into ProShares when it offered the first-ever bitcoin futures ETF in late 2021....
...Grayscale has also filed to convert its existing $5bn Ethereum Trust (ETHE) into an ETF....
...When ProShares launched the first ETF that tracked contracts speculating on the future price of bitcoin in late 2021, bitcoin prices rose. The ETF finished its first day of trading at close to $42....
...field by allowing several ETFs to list on the same day, “rather than giving one firm a first-mover advantage,” as it did with the ProShares Bitcoin Trust (BITO), the first US futures-based bitcoin ETF to...
...The below chart shows shares in issue for the Purpose physical ETF (in its unhedged Canadian dollar flavour) alongside ProShares’ synthetic ETF....
...Leveraged ETFs in the US have long been the domain of two firms, ProShares and Direxion....
...The first US bitcoin futures ETF, the $1.1 billion ProShares Bitcoin Strategy ETF, launched in October 2021 and was quickly followed by similar offerings from VanEck and Valkyrie, Morningstar data shows....
...“There was a more than 10-year raging bull market and inverse funds are designed to go down when the market goes up,” said ProShares, which operates four of the five largest leveraged or inverse ETFs....
...In June Grayscale sued the SEC after the regulator rejected its bid to convert its Bitcoin Trust into an ETF....
...Trust (GBTC) into an ETF — this could potentially hand an advantage to Hashdex because of its 1933 Act structure....
...This stance has prompted Grayscale to sue the SEC for its refusal to allow the $16.9bn Grayscale Bitcoin Trust (GBTC), a private spot bitcoin trust, to convert to an ETF....
...Average weekly trading volumes across 25 of the top digital assets investment products, such as the Grayscale Bitcoin Trust or ProShares Bitcoin Strategy ETF, have hit the $3bn mark twice this quarter....
...A quarter of all trades in ETFs in the US were ProShares products, the most of any single provider, ProShares said....
...First Trust and WisdomTree each posted $600mn in inflows....
...The asset management firm sued the SEC after having its request to convert its bitcoin trust into an ETF rejected....
...Though TCW does not offer any ETFs, as a subadviser it manages four manufactured by First Trust: the $4.3bn First Trust TCW Opportunistic Fixed Income, $1.5bn Unconstrained Plus Bond, $86mn Securitised Plus...
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