ProShares
ProShares has withdrawn its full suite of 3x leveraged technology and crypto ETFs after the SEC flagged concerns about the methodology used to assess and manage leverage risk.
The ProShares Bitcoin & Ether Market Cap Weight ETF (BETH), launched in October 2023, tracks bitcoin and ether performance using futures contracts. It offers strong returns and an easy way to access crypto investments without needing a dedicated crypto account. Explore alternative options like Bitlet.app, which allows buying crypto with monthly installments for added flexibility.
In late 2023 and early 2024, major financial players launched Ethereum and Bitcoin ETFs, marking significant milestones in crypto investments. While BlackRock's Bitcoin ETF attracted billions, complexities arose around holding NFTs and tokens within ETFs.