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Crypto-Linked ETFs

Targeting the performance of the world's largest cryptocurrencies

These funds invest in cryptocurrency derivatives and do not invest directly in cryptocurrency. There is no guarantee the funds will closely track bitcoin or ether returns.

ProShares offers the largest lineup of crypto-linked ETFs in the U.S.1

Bitcoin

Bitcoin ETF

Seeks investment results, before fees and expenses, that correspond to the performance of bitcoin.

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Short Bitcoin ETF

Seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Bloomberg Bitcoin Index.

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Ultra Bitcoin ETF

Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Bitcoin Index.

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UltraShort Bitcoin ETF

Seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Bitcoin Index.

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Ether

Ether ETF

Seeks investment results, before fees and expenses, that correspond to the performance of ether.

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Short Ether ETF

Seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Bloomberg Ethereum Index.

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Ultra Ether ETF

Seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Ethereum Index.

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UltraShort Ether ETF

Seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Ethereum Index.

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Bitcoin & Ether

Bitcoin & Ether Equal Weight ETF

Seeks investment results, before fees and expenses, that correspond to the performance of an equal weight basket of bitcoin and ether.

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Bitcoin & Ether Market Cap Weight ETF

Seeks investment results, before fees and expenses, that correspond to the performance of a market-capitalization weighted basket of bitcoin and ether.

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Why consider a ProShares crypto-linked ETF?

Accessible

Buy and sell with a ticker

Familiar

No need for a crypto account or wallet

Regulated

Funds trade on regulated exchanges

Custodied

Funds' assets custodied by JPMorgan

Research & Insights

Bitcoin’s Next Halving 2024: Market Impact and What to Expect

The halving, which took place on April 19, 2024, slashed mining rewards from 6.25 to 3.125 bitcoins. The fourth such occurrence in bitcoin's history, the event marked a critical juncture that historically has been associated with notable price fluctuations and increased investor interest. Here is everything you need to know about this key milestone.
Read More
Get the latest perspectives and updates.

1. By number of listings.

Investing involves risk, including the possible loss of principal. There is no guarantee any ProShares ETF will achieve its investment objective.

These ETFs invest in derivatives (swap agreements, futures contracts and similar instruments) that provide indirect exposure to bitcoin and/or ether and do not invest directly in bitcoin or ether. Bitcoin and ether are each a relatively new asset class, and the market for bitcoin and ether is subject to rapid changes and uncertainty. Bitcoin and ether are subject to unique and substantial risks, such as rapid price swings and lack of liquidity, including as a result of changes in the supply of and demand for bitcoin and ether. Bitcoin and ether are largely unregulated and may be more susceptible to fraud and manipulation than more regulated investments. The value of an investment in these Funds could decline significantly and without warning, including to zero.

BITO, EETH, BETH, and BETE are actively managed. The costs associated with rolling (buying and selling) futures and the impact of margin requirements, collateral requirements and other limits may have a negative impact on performance and prevent each Fund from achieving its objective. The price and performance of bitcoin futures and ether futures should be expected to differ from the current ‘‘spot’’ prices of bitcoin and ether (the prices of bitcoin and ether that can be purchased immediately). These differences could be significant.

These ETFs are non-diversified and are subject to risks associated with the use of futures contracts, leverage, and market price variance, all of which can increase volatility and decrease performance. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Some ProShares ETFs seek daily investment results that correspond, before fees and expenses, to a multiple of (e.g. 2x or -2x) the daily performance of its underlying benchmark (the “Daily Target”). While the Funds have a daily investment objective, you may hold a Fund’s shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

Carefully consider the investment objectives, risks, charges, and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Obtain them from your financial professional or visit ProShares.com.

ProShares are distributed by SEI Investments Distribution Co. ("SIDCO"), which is not affiliated with the funds' advisor or sponsor. SIDCO is located at 1 Freedom Valley Drive, Oaks, PA 19456.

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