ProShares, a division of ProFunds Group manages different investment funds with a valuation of over $60 billion in combined assets under management. ProShares offers unique investment opportunities that track various indices and asset classes.
The company offers dozens of exchange-traded funds (ETFs), each designed to perform a specific speculative investment strategy. Short ProShares are inverse ETFs that move opposite to the market; Ultra ProShares are leveraged ETFs that amplify market performance by a multiple of two or three.
How To Buy ProShares ETFs
You cannot purchase ProShares ETFs directly from ProShares. Instead, you can find ProShares ETFs on most trading platforms, or talk to your broker or financial advisor. They’re available for sale on exchanges, similar to stocks. You can buy and sell them at any time when the exchange is open.
Platforms to Buy ProShares ETFs Include:
- Charles Schwab
- TD Ameritrade
- Interactive Brokers
You Can Consider a ProShares Bitcoin Strategy ETF (BITO)
The first Bitcoin futures exchange-traded fund (ETF) broke an 18-year-old record by attracting more than $1 billion within two days. It’s popular, but is it right for you?
Cryptocurrency enthusiasts scored one of their biggest wins recently when the U.S Securities and Exchange Commission (SEC) approved ProShares’ Bitcoin exchange-traded fund (ETF). That halted a roughly 8-year period of failed efforts to get a cryptocurrency exchange-traded fund (ETF) approved.
BITO hit the stock market on October 19 and has already attracted $570 million in assets from investors. By the end of day two, ProShares’ product had surpassed the billion-dollar mark and closed with $1 billion in AUM
Make a BITO investment wisely. This ETF might come close to tracking Bitcoin prices, but it’s still a higher risk. If you want pure Bitcoin exposure, it’s still best to get a digital wallet and buy the cryptocurrency directly.
About ProShares Bitcoin Strategy ETF
The investment seeks capital gains. The fund adviser seeks primarily to provide capital appreciation by investing in Bitcoin Futures Contracts. The fund does not own any bitcoins. During times when the price of bitcoin is flat or falling, the fund adviser will generally hold onto the fund’s bitcoin futures contract. To maintain exposure to Bitcoin Futures Contracts, an investment advisor must sell their existing Bitcoin Futures Contracts as they approach expiration and replace them with newer ones with a later expiration date It’s not a diversified fund.
As you review your digital assets consider ProShares Crypto ETF to diversify your portfolio. Using algorithmic crypto investing will help you avoid jumping into the crypto market at the wrong time. Learn more about how EndoTech can reduce transaction costs and improve investment timing for crypto investors.