ProShares Bitcoin Hedge ETFs Based on S&P 500, Nasdaq 100 and Gold Proposed

Key Points:

• ProShares has applied to launch ProShares Bitcoin hedge ETFs linked to the S&P 500, Nasdaq 100, and gold.
• The U.S. Bitcoin ETF market, with 11 spot Bitcoin ETFs launched in January, has raised over $36 billion.

ProShares is moving to file an application with the U.S. Securities and Exchange Commission to launch a set of ProShares Bitcoin hedge ETFs.

Read more: Bitcoin Spot ETF Inflows Reach $475M After Recent Outflows

ProShares Bitcoin Hedge ETFs Seek Approval

These ProShares Bitcoin hedge ETFs will try to give exposure to Bitcoin by implementing a unique investment strategy: combining long positions in the stock or gold with an in-parallel short of the U.S. dollar and a long of Bitcoin using Bitcoin futures. They will track well-known benchmarks such as the S&P 500, Nasdaq 100, and gold.

In a related development, the same Volatility Shares filed an application with the regulator for an exchange-traded open-end index fund based on Solana futures. This new ETF would give investors leveraged exposure to their desired format of 1x, 2x, and -1x to varied levels in which they want to gain exposure to Solana’s future movement.

Bitcoin ETF Market Surpasses $36 Billion in Investor Capital

The political changes, especially the pro-digital asset stance of President-elect Trump, have created a huge difference in the Bitcoin market. With his administration promising favourable regulations and the possibility of creating a national Bitcoin reserve, optimism has been high, driving the price of Bitcoin over $100,000.

It’s the growth that has taken place in the Bitcoin ETF market: there is one notable case whereby on January 11, finally, 11 different spot Bitcoin ETFs launched in the United States. These funds promised investors indirect ownership of Bitcoin without needing physical custody. To this date, upwards of $36 billion of investor capital has been mobilized among them.