ProShares
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ProShares, Volatility Shares and Defiance have filed for funds that would seek to offer leveraged exposure to ETH via futures contract investments
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The fund’s assets under management sit at about $50 million, while a competing offering by ProShares recently eclipsed $2 billion
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Firm that launched the first bitcoin futures ETF in 2021 intends to launch five more crypto offerings
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ProShares’ BITO notched net inflows of $506 million in 2023, and money continued to enter the fund in the first week of 2024
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ProShares’ bitcoin futures ETF accounted for substantial flows in lead-up to potential spot fund approval
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The $1.76 billion of net inflows over the 10-week run is a total not seen since bitcoin futures ETFs launched in October 2021
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Roughly 32.5 million shares of the largest US bitcoin futures ETF had traded as of 2:30 pm ET Tuesday — about four times its daily average
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The fund group that launched three ether futures products earlier this month intends to launch another in November that seeks to benefit from ETH price dips
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Six funds by ProShares, VanEck and Bitwise garnered than $20 million in combined assets amid an overall lower appetite in risk assets
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As VanEck, Bitwise and ProShares debut ether-linked offerings, industry watchers say marketing will be a key to success
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Bloomberg Intelligence analysts give ether futures ETFs a 75% chance of launching in the US this year as such proposals proliferate
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The dual-crypto futures proposals come after various fund groups filed in recent days for funds that would only hold ETH futures
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Several firms have sought to launch leveraged bitcoin futures products, and one such company intends to launch its proposed ETF on June 13
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Increased activity came amid volatile markets as Binance revealed intention to buy FTX
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Products betting against the asset helped the space’s offerings avoid a fourth straight week of outflows, according to CoinShares report
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The firm’s bitcoin-linked products account for roughly $770 million in combined assets under management
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Trade volumes for inverse bitcoin ETFs — which provide short exposure — are surging alongside institutional investor inflows
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Four Europe-domiciled exchange-traded products by 21Shares had a total return below -40%
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Products seeking the inverse performance of the S&P CME Bitcoin Futures Index are expected to list on the NYSE Tuesday
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Direxion and AXS Investments follow suit after ProShares proposes ETF betting against bitcoin
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The fund group’s latest planned offerings would seek inverse returns to the CME Bitcoin Futures Contracts Index
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The fund group’s follow-up to its bitcoin futures ETF joins three other products in the segment
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