ProShares files leveraged and inverse ETFs, Bitcoin spot trading reaches nearly $10 billion

Currently, many ETF issuers are applying for Bitcoin-related leveraged ETF products. According to Bloomberg ETF analyst Eric Balchunas, dozens of similar products may appear on the market in the coming months. In comparison, the Bitcoin spot ETF achieved amazing results in just 3 trading days.

ProShares submitted 5 Bitcoin leveraged and inverse ETFs

According to the prospectus document submitted by ProShares, the 5 Bitcoin ETFs are:

ProShares UltraShort Bitcoin ETF( -2x)

ProShares ShortPlus Bitcoin ETF(-1.5x)

ProShares Short Bitcoin ETF(-1x)

ProShares Plus Bitcoin ETF(1.5x)

ProShares Ultra Bitcoin ETF(2x)

The current ETF fee is to be determined and it is planned to be listed on April 1.

Bitcoin-related ETF applications have appeared one after another

The New York Stock Exchange has also submitted a 19b-4 document to allow the listing and trading of "commodity-based trust stock" options.

Bloomberg ETF analyst Eric Balchunas explained that this filing is to be able to list options for the Bitcoin spot ETF, which can be approved in about 2 months at the earliest.

He believes that as many as a dozen similar Bitcoin leveraged ETF products may appear on the market in the next few months.

Bitcoin spot ETF trading volume approaches 10 billion US dollars

Bloomberg ETF analyst James Seyffart tweeted that the total trading volume of Bitcoin spot ETF within 3 days has approached 10 billion US dollars. .

Eric Balchunas explained how exaggerated such trading volume is: A total of 500 ETFs will be launched in 2023, and the total trading volume so far is US$450 million. The highest ETF trading volume is US$45 million. Baley alone Germany’s IBIT has higher trading volume than all ETFs launched in 2023.

The data shows that the trading volume of each ETF is (from high to low):

Grayscale Bitcoin Trust BTC (GBTC): 5.129 billion US dollars

iShares Bitcoin Trust (IBIT) ): $1.995 billion

Fidelity Wise Origin Bitcoin Fund (FBTC): $1.468 billion

ARK 21Shares Bitcoin ETF (ARKB): $567 million

Bitwise Bitcoin ETF( BITB): $258 million

Invesco Galaxy Bitcoin Etf (BTCO): $102 million

Franklin Bitcoin ETF (EZBC): $87 million

Vaneck Bitcoin Trust (HODL ): US$51 million

Valkyrie Bitcoin Fund (BRRR): US$15 million

WisdomTree Bitcoin Fund (BTCW): US$12 million

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