According to Foresight News, ETF provider ProShares has launched the ProShares Ultra Bitcoin ETF (BITU), which aims for a daily return of 2 times the Bitcoin performance. In addition, ProShares has also introduced the ProShares UltraShort Bitcoin ETF (SBIT), targeting a daily return of -2 times the Bitcoin performance.
BITU and SBIT are listed on the New York Stock Exchange and are designed to address the challenges of obtaining leveraged or short positions in Bitcoin.