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ProShares
Issuer of exchange-traded funds From Wikipedia, the free encyclopedia
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ProShares is an issuer of exchange-traded funds, including inverse exchange-traded funds, and similar products.[2]
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History
ProFunds Group was founded in 1997 by former Rydex employees Louis Mayberg and Michael Sapir for $100,000.[3][4] That year, it introduced bear market inverse mutual funds.
In 2006, ProFunds Group launched ProShares and its first inverse exchange-traded fund.[5][6][7]
In October 2021, the company launched an exchange-traded fund that invests in Bitcoin futures contracts.[1][8]
On October 2, 2023, ProShares launched 3 Ethereum Futures ETFs in the US, becoming one of the first companies to launch an Ethereum ETF in US history.[9]
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References
External links
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