ProShares

ProShares Launches First ETF to Target 2x Daily Bitcoin Returns

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Finance, Bitcoin, Ether, ETF, Risk, ProShares, Cryptocurrency

Today, ProShares, a premier provider of ETFs, is launching ProShares Ultra Bitcoin ETF (BITU), the first ETF to target 2x daily bitcoin returns.

Key Points: 
  • Today, ProShares, a premier provider of ETFs, is launching ProShares Ultra Bitcoin ETF (BITU), the first ETF to target 2x daily bitcoin returns.
  • At the same time, ProShares is also launching ProShares UltraShort Bitcoin ETF (SBIT), the first ETF to target -2x daily bitcoin returns.
  • “BITU offers investors the opportunity to pursue magnified bitcoin returns or target a level of exposure with less money at risk.
  • ProShares is also a leader in crypto-linked ETFs, having launched the first U.S. bitcoin-linked ETF (BITO) in October 2021.

ProShares Launches Nasdaq-100 High Income ETF

Retrieved on: 
Wednesday, March 20, 2024
Banking, Asset Management, Professional Services, Finance, ETF, ProShares, Security (finance)

ProShares, a premier provider of ETFs, today launched the ProShares Nasdaq-100 High Income ETF (Nasdaq: IQQQ).

Key Points: 
  • ProShares, a premier provider of ETFs, today launched the ProShares Nasdaq-100 High Income ETF (Nasdaq: IQQQ).
  • However, conventional covered call ETFs often sacrifice total return to generate high income,” said ProShares CEO Michael L. Sapir.
  • “IQQQ, the first Nasdaq-100 ETF powered by a daily call options strategy, offers investors both the potential for high income and a long-term total return approximating that of the Nasdaq-100.”
    Covered call ETFs have attracted more than $78 billion in assets.1 ProShares pioneered the use of a daily call options strategy in an ETF with ProShares S&P 500 High Income ETF (ISPY), launched in December 2023.
  • ProShares Nasdaq-100 High Income ETF (IQQQ) seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Daily Covered Call Index (the “Index”).

ProShares Announces that ProFunds Distributors Opens NYC Office at The Spiral Hudson Yards, Strengthens Commitment to New York Talent Market

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Banking, Growth, Transport, Spiral, Pennsylvania Station, ETF, PDI, ProShares

ProShares announces the opening of ProFunds Distributors’ (“PDI”) NYC office location at The Spiral in the Hudson Yards complex, a sign of the firm’s success and dedication to the NYC market.

Key Points: 
  • ProShares announces the opening of ProFunds Distributors’ (“PDI”) NYC office location at The Spiral in the Hudson Yards complex, a sign of the firm’s success and dedication to the NYC market.
  • “Amid such a pivotal time in the ETF market, it’s critical for us to attract top talent in the industry,” says CEO Michael L. Sapir.
  • “This best-in-class NYC office space in a premier building positions our firm and employees at the forefront of the industry.”
    PDI will be located at the 28th floor of Tishman Speyer’s Spiral, a landmark 66-story skyscraper in Hudson Yards.
  • The Hudson Yards location, a five-minute walk to Penn Station, offers excellent access to transportation options.

ProShares Launches S&P 500 High Income ETF

Retrieved on: 
Wednesday, December 20, 2023
Banking, Professional Services, Finance, ETF, Fund, ProShares, S&P, CBOE, Security (finance)

ProShares, a premier provider of ETFs, today launched the ProShares S&P 500 High Income ETF (CBOE: ISPY).

Key Points: 
  • ProShares, a premier provider of ETFs, today launched the ProShares S&P 500 High Income ETF (CBOE: ISPY).
  • With ISPY, investors can seek high income and target S&P 500 returns over the long term.
  • ISPY, the first ETF powered by a daily call options strategy, offers investors the potential to earn high income and capture a long-term total return similar to that of the S&P 500,” said ProShares CEO Michael L. Sapir.
  • ProShares S&P 500 High Income ETF (ISPY) seeks investment results, before fees and expenses, that track the performance of the S&P 500 Daily Covered Call Index.

Themes ETFs Launch with Expense Ratios 40% Below the Category Average

Retrieved on: 
Friday, December 8, 2023
Universe, ETF, Fundamental, CFA, Global X ETFs, Product management, Artificial intelligence, Intelligence, Leverage, Cloud computing, Strategy, ProShares, Financial adviser, Cryptocurrency

NEW YORK, Dec. 8, 2023 /PRNewswire/ -- Themes ETFs debuts in the US market with the launch of 7 funds in its suite of low-cost thematic ETFs, which will begin trading on the Nasdaq over the coming weeks. With expense ratios priced at 0.35%, the company's 7 thematic funds are 40% cheaper than the average expense ratio of 0.60% charged by other thematic ETFs.1

Key Points: 
  • "From airlines to artificial intelligence, Themes ETFs can provide access to specific segments of the market with expense ratios 40% below the average charged by our competitors."
  • Themes ETFs is led by CEO Jose Gonzalez-Navarro, who previously cofounded both Global X ETFs in 2008 and London-based Leverage Shares ETPs in 2018.
  • Themes ETFs aims to disrupt the market with its competitive fee structure.
  • The current offering at Themes ETFs spans both cutting-edge technologies and traditional industries, including targeted exposure to artificial intelligence, cloud computing, cybersecurity, airlines, banks, gold miners, and European luxury.

ProShares Launches World’s First Short Ether-Linked ETF

Retrieved on: 
Thursday, November 2, 2023
Banking, Cryptocurrency, Professional Services, Finance, ETF, Ether, ProShares

ProShares, the global leader in crypto-linked ETFs, announced today the launch of ProShares Short Ether Strategy ETF (SETH), the world’s first short ether-linked ETF.

Key Points: 
  • ProShares, the global leader in crypto-linked ETFs, announced today the launch of ProShares Short Ether Strategy ETF (SETH), the world’s first short ether-linked ETF.
  • “SETH is designed to address the challenge of acquiring short exposure to ether, which can be onerous and expensive,” said ProShares CEO Michael L. Sapir.
  • In 2021, ProShares launched BITO, the first U.S. bitcoin-linked ETF, which has become the largest crypto-linked ETF in the world.
  • Subsequently, ProShares launched BITI, the first U.S. short bitcoin-linked ETF; EETH, the first U.S. ETF that targets the performance of ether; and two ETFs that target the blended performance of bitcoin and ether, BETH and BETE, which provide market cap-weighted and equal-weighted exposure, respectively.

ProShares Names Steve Vanourny as Head of Corporate Development, Strategy and Planning

Retrieved on: 
Monday, October 16, 2023
Banking, Professional Services, Finance, MBA, Beth Israel Deaconess Medical Center, Senior management, Dartmouth College, Partner, ETF, Harvard University, McKinsey & Company, Growth, State Street, ProShares, Corporate development, Harvard Business School, Management, Security (finance)

ProShares, a premier provider of ETFs, announced today that Steve Vanourny has joined the firm as Managing Director, Head of Corporate Development, Strategy and Planning.

Key Points: 
  • ProShares, a premier provider of ETFs, announced today that Steve Vanourny has joined the firm as Managing Director, Head of Corporate Development, Strategy and Planning.
  • In this newly created role, Mr. Vanourny is charged with a diverse set of responsibilities, including long-term and annual planning, new product development, business intelligence, and partnerships and acquisitions.
  • Mr. Vanourny will report directly to ProShares’ CEO Michael L. Sapir and serve on the firm’s Management Team.
  • Mr. Vanourny joins ProShares with nearly three decades of asset management experience, serving as Global Head of Strategy and Global Head of Investment Analytics at State Street, as well as a Partner in McKinsey & Co’s asset and wealth management practice.

Former Aerotek CEO, Todd Mohr, Joins Unique Growth Equity Firm, Mauloa

Retrieved on: 
Wednesday, October 11, 2023
ProShares, Investment, Sale, JBoss operations network, Acquisition, Goldman Sachs Capital Partners, Rest, System, Security (finance), Financial services, Allegis Group

POTOMAC, Md., Oct. 11, 2023 /PRNewswire-PRWeb/ -- Mauloa, an investment firm that provides non-controlling growth capital to cash flow positive companies, announced today that Todd Mohr has joined as general partner. Mr. Mohr has over 25 years of experience leading businesses, the last 10 of which he spent as President and CEO of Aerotek, America's largest staffing firm with over $7B in revenue. At Mauloa, Mr. Mohr will assist in all facets of the firm's operations, with particular emphasis on the growth strategy of the portfolio companies and deal sourcing.

Key Points: 
  • POTOMAC, Md., Oct. 11, 2023 /PRNewswire-PRWeb/ -- Mauloa, an investment firm that provides non-controlling growth capital to cash flow positive companies, announced today that Todd Mohr has joined as general partner.
  • At Mauloa, Mr. Mohr will assist in all facets of the firm's operations, with particular emphasis on the growth strategy of the portfolio companies and deal sourcing.
  • Todd Mohr said, "I'm thrilled to be a part of the team at Mauloa.
  • Typically the first and only outside investor in its companies, Mauloa specializes in the following scenarios: growth capital, management/partner buyout, acquisition, refinancing, recapitalization, working capital or owner liquidity.

ProShares to Launch First ETF Targeting the Performance of Ether

Retrieved on: 
Friday, September 29, 2023
Cryptocurrency, Professional Services, Finance, Ethereum, Bitcoin, Learning curve, Ether, ProShares, ETF, Research

ProShares, the global leader in crypto-linked ETFs, announces the launch on Monday, October 2, of the ProShares Ether Strategy ETF (EETH), the first ETF to target the performance of the cryptocurrency ether.

Key Points: 
  • ProShares, the global leader in crypto-linked ETFs, announces the launch on Monday, October 2, of the ProShares Ether Strategy ETF (EETH), the first ETF to target the performance of the cryptocurrency ether.
  • At the same time, ProShares is also launching two ETFs that each look to provide performance that corresponds to a blended return of bitcoin and ether.
  • ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) rebalances monthly to a 50/50 weighting between the two cryptocurrencies.
  • ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) rebalances monthly based on the market capitalization of bitcoin and ether.

Washington Commanders and Josh Harris Enter Into a Purchase and Sale Agreement

Retrieved on: 
Friday, May 12, 2023
Sports, Football, NFL, Partnership, Super Bowl, 99th Range Group, Culture, ProShares, Washington Commanders, Sale, Commander, Snyder, Investment, Magic, Security (finance), Management

The Washington Commanders and a partnership led by Josh Harris have entered into a purchase and sale agreement, it was jointly announced on Friday, May 12th.

Key Points: 
  • The Washington Commanders and a partnership led by Josh Harris have entered into a purchase and sale agreement, it was jointly announced on Friday, May 12th.
  • The purchase and sale agreement calls for Harris and partners to acquire the Washington Commanders from the Snyder family.
  • Please see below for statements from Commanders Co-Owners Tanya and Dan Snyder and from Josh Harris on behalf of the Harris ownership group.
  • Statement from Commanders Co-Owners Tanya and Dan Snyder:
    “We are very pleased to have reached an agreement for the sale of the Commanders franchise with Josh Harris, an area native, and his impressive group of partners,” said Tanya and Dan Snyder.