Latest news with #ProShares'
Business Wire
4 days ago
- Business
- Business Wire
ProShares' High Income ETFs Surpass $1 Billion in Assets
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of exchange-traded funds (ETFs), today announced that its suite of High Income ETFs has surpassed $1 billion in assets under management. 1 This milestone underscores growing investor demand for the company's differentiated income solutions. ProShares' High Income ETF lineup includes the S&P 500 High Income ETF (ISPY), Nasdaq-100 High Income ETF (IQQQ), and Russell 2000 High Income ETF (ITWO). Each fund's strategy utilizes daily call options—an innovation that ProShares pioneered with the launch of ISPY in December 2023. As a result, the products are designed to generate high income potential in the short term while offering equity upside over the long term. 'Investors looking to generate income from their portfolios often face a difficult trade-off: sacrificing upside for higher yields,' said Mo Haghbin, Managing Director and Head of Strategic ETFs at ProShares. 'Our High Income ETFs represent a compelling solution, allowing investors to pursue both their income and growth objectives.' Traditional covered call ETFs have largely focused on income generation at the expense of total return. ProShares' first-to-market approach changes that equation. As industry-wide assets in covered call ETFs exceed $100 billion, ProShares continues to lead in delivering novel solutions to the challenges commonly faced by investors. 'We appreciate the confidence that clients have placed in our strategies, helping us reach this important milestone,' added Mr. Haghbin. 'We remain committed to innovation and to providing investors with products built to meet their evolving needs.' About ProShares ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $80 billion in assets and offers one of the largest lineups of ETFs. The company is a leader in strategies such as crypto-linked, dividend growth, high income, interest rate hedged bond, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. 1 ProShares first surpassed $1bn in assets in its High Income ETF suite on May 29, 2025. The Funds seek to replicate a daily covered call strategy by investing in equity securities and derivatives. The Funds do not sell (write) call options. This is not intended to be investment advice. Investing involves risk, including the possible loss of principal. These ProShares ETFs are non-diversified and entail certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), investments in smaller companies, imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks on There is no guarantee any ProShares ETF will achieve its investment objective. The performance of the Funds may not correspond to the performance of their respective indexes, the Funds may not be successful in generating income for investors, and the Funds may not capture returns that traditional covered call strategies may sacrifice. The S&P 500 Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the S&P 500 Index with a short position in S&P 500 Index call options. The Nasdaq-100 ® Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 ® Index call options. The Cboe Russell 2000 Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the Russell 2000 Index with a short position in Russell 2000 Index call options. In particular, each index is designed to replicate a daily covered call strategy that sells call options with one day to expiration each day. Each Fund intends to make distributions each month of an amount that reflects the dividends and call premium income earned by a daily covered call strategy on its index (net of expenses). There can be no guarantee that the Funds will make distributions, and the amount of such distributions, if any, may vary significantly from month to month. On 19a-1 notices, each Fund discloses the accounting source of each distribution, either net investment income or accounting return of capital. The accounting source of the distribution does not impact whether the distribution is considered to be taxable income or a tax return of capital for income tax purposes. 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. 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 at The S&P 500 Daily Covered Call Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P ®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones ®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the S&P 500 Daily Covered Call Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. Nasdaq ®, Nasdaq-100 Index ®, Nasdaq-100 ®, NDX ®, Nasdaq-100 Daily Covered Call™ Index, NDXDCC™, Nasdaq-100 Daily Covered Call Option™ Index, NDXDCCOV™, Nasdaq-100 Daily Covered Call Income™ Index, NDXDCCI™, are registered trademarks of Nasdaq, Inc. (which with its affiliates and third party licensors is referred to as the 'Corporations') and are licensed for use by ProShare Advisors LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). London Stock Exchange Group plc and its group undertakings (collectively, the 'LSE Group'). ©LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. The 'Cboe Russell 2000 Daily Covered Call Index', and 'Russell ® ' are trademarks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
Business Upturn
17-05-2025
- Business
- Business Upturn
XRP News: Buy $XDX As XRP Price Goes Up, XenDex Gets Ready To Unveil Its First DEX Version While Presale Nears End
By GlobeNewswire Published on May 17, 2025, 20:56 IST SYDNEY, May 17, 2025 (GLOBE NEWSWIRE) — As XRP dominates the headlines and bullish momentum accelerates, XenDex is emerging as one of the most promising DeFi projects on the XRP Ledger, and time is running out to join early. With its soft cap already filled and the hard cap nearly reached, the $XDX presale is entering its final phase. Early supporters are racing to secure tokens before listings go live and prices rise. Purchase $XDX At A low Price This surge in demand follows a series of game-changing developments: Judge Torres' favorable rulings, the SEC's lawsuit withdrawal, and ProShares' XRP Futures ETF approval. Market sentiment has never been stronger, with some analysts now predicting XRP could hit $1,000 in the long term as institutional interest pours in. Riding this momentum, XenDex is building what XRP has lacked, a complete DeFi ecosystem in one powerful, user-friendly platform. Version 1 is currently in development, and a full UI mockup will be released soon showcasing: AI Copy Trading Non-Custodial Lending & Borrowing Cross-Chain Trading (BNB, Solana, Ethereum) Staking & Yield Farming DAO Governance Join XenDex Presale Only $XDX presale buyers will get early access to the platform once it launches. Presale Details (Final Phase) Soft Cap: Filled Filled Hard Cap: Nearly Filled Nearly Filled Price: 1.25 XRP = 10 XDX 1.25 XRP = 10 XDX Minimum Buy: 150 XRP Buy XDX Before It Sells Out XenDex team has confirmed that XDX will be listed after presale on some major exchanges like: Binance, MEXC, BitMart, FirstLedger, MagneticX. With the XRP market booming as a result of the SEC's lawsuit withdrawal, Judge Torres' favorable rulings, and the approval of ProShares' XRP Futures ETF, combined with Brazil's first XRP Spot ETF, market confidence is soaring and many now believe XRP could hit $1,000 in the long run, XenDex is set to launch soon, this is your last chance to buy low before listings go live. Join the XDX movement: Website: Presale: Telegram: Twitter/X: Docs: Contact:Frank Richards [email protected] Disclaimer : This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
01-05-2025
- Business
- Yahoo
Cryptocurrency mutual funds have arrived: Here are the key things to know
Cryptocurrency made a big splash when it was approved for trading in exchange-traded funds (ETFs) in 2024. Now, investors looking to buy cryptocurrency through mutual funds have a few ways to do so, following the launch of ProShares' mutual funds for Bitcoin and Ethereum. ProShares' mutual fund affiliate ProFunds launched the Ether ProFund (ETHFX) in late February, following the debut of the Bitcoin ProFund (BTCFX) in mid-2021. Both funds aim to track the price performance of their underlying cryptocurrencies, and they're the first mutual funds to track these cryptos. But investors need to understand exactly what they're buying with these funds. The fact these funds are the first to track these cryptocurrencies makes them interesting. But both of these mutual funds invest in cryptocurrencies through futures contracts, a kind of financial derivative that can deliver higher (or lower) returns than the crypto coins themselves. These ProFunds mutual funds differ from existing crypto ETFs in key ways. Holdings: These ProFund mutual funds own futures contracts, while spot Bitcoin ETFs own actual bitcoins and spot Ethereum ETFs own actual ether coins. This difference affects both the costs of the funds and their potential returns. Costs: The Bitcoin and Ethereum mutual funds have net expense ratios of 1.16 percent and 1.46, respectively, though the Ethereum fund has waived its fees through February 2026. In contrast, the best Bitcoin ETFs charge fees that range from 0.20 percent to 0.25 percent. The best Ethereum ETFs charge fees of 0.19 percent to 0.25 percent. Returns: Because of the difference in their holdings, the returns between these mutual funds and spot crypto funds will differ. Spot ETFs will track the performance of the underlying crypto coins very closely, since they own the actual asset. In contrast, the mutual funds may not track the price performance of the crypto coins closely, veering higher or lower over time, depending on the performance of the futures contracts. Availability: The mutual funds may not be available at every broker, though you can always buy them directly through the company. In contrast, ETFs trade on a stock exchange, so any of the best brokers for ETFs should allow you to purchase them. When you can trade: Mutual funds are priced and trade only after-hours, so you don't know the exact price you'll get when you decide to trade. In contrast, ETFs trade throughout the day, so you'll know exactly the price you're getting when you buy or sell. Those are some of the most important differences between the ProFunds' mutual funds and the spot cryptocurrency ETFs that were launched in 2024. However, some of these differences are simply due to the legal differences between ETFs and mutual funds. Investors should pay particular attention to the following issues with these crypto mutual funds. May not track the crypto's price: If you're looking to get the exact return of the underlying cryptocurrency – many traders are – then these mutual funds may not be the way to go. Because they use futures, the performance is likely to deviate significantly from the coin's performance. Fees: These mutual funds charge relatively large expense ratios, making them less attractive than the relatively low-cost ETFs in this space. Risks of cryptocurrency: Beyond just the structural differences, cryptocurrency is highly risky. It's not only volatile, but it's not based on the assets or cash flow of an underlying business, meaning that its value is based entirely on what the next trader will pay for it. If demand dries up or sentiment changes, the crypto could be worthless. Those are the most important things to know about the advent of these Bitcoin and Ethereum mutual funds. Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation. Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Will the XRP ETF Explode Like Bitcoin's?
10T Holdings founder Dan Tapiero joins CoinDesk to discuss the launch of ProShares' XRP ETF and compare their potential success to the bitcoin products. Plus, Dan shares his early experiences trading bitcoin and XRP, and weighs in on the criticisms of XRP's centralization. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. Sign in to access your portfolio
Int'l Business Times
28-04-2025
- Business
- Int'l Business Times
ProShares To Launch $XRP ETFs This Week – They're Not Spot, But Token Price Pumps
Gold round physical XRP coin on a person's hand Kanchanara/Unsplash The SEC tacitly approved the funds over the weekend, triggering talks within the $XRP community Spot ETFs hold real $XRP, while futures only bet on the token's price action $XRP is up 4.7% in the day, seemingly reacting positively to the news The U.S. Securities and Exchange Commission (SEC) has approved the public launch date of ProShares' new XRP futures exchange-traded funds (ETFs) this week, joining Teucrium after the Vermont-based asset manager launched the first XRP ETF in the U.S. market earlier this month. The tacit approval was made over the weekend, allowing ProShares, an ETF issuer, to launch its ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF on April 30, Wednesday. This comes after Teucrium's CEO explained why the company opted to launch an XRP ETF, saying the XRP Ledger's native token has the highest "utility" potential in the future. Journalist Calls Out 'Rude' Members of $XRP Army While the XRP Army celebrates the big news, there appears to be confusion among some crypto holders regarding the approved funds. A crypto journalist said she was being questioned on her direct messages over the ProShares ETFs. She clarified that the approval was for futures ETFs, not spot ETFs amid continuing questions from some XRP users. "And for all the people saying 'oh but it didn't say spot' – I had about 20 DMs asking me if this was about the spot ETF approval. Getting really sick of all the rude keyboard warriors in this community," she said. John Squire, a well-followed crypto influencer who also promotes the XRP token, also reiterated that ProShares' new trust funds are futures, not spots. He also explained the difference between the two products. 🔥 The SEC just approved an $XRP ETF 🔥But it's not what many people not a Spot a Futures difference?A Spot ETF buys and holds real XRP, creating real demand. A Futures ETF only bets on XRP's price without touching a single real token. What… — John Squire (@TheCryptoSquire) April 27, 2025 "A spot ETF buys and holds real XRP, creating real demand. A futures ETF only bets on XRP's price without touching a single real token," he wrote. He went on to note that while it is a major milestone for the XRP coin and the community as it "increases XRP's legitimacy," it is also not a trigger for broader adoption, nor will it actually have a huge impact on the cryptocurrency's price. $XRP Pumps on News While Squire was careful to note that spot approvals will have a much bigger impact on the XRP coin, which once toppled Ethereum as the world's second-largest crypto asset by market cap, the news did have an effect on the token's price. CoinGecko data showed that the digital coin is up 4.7% in the day, despite a broader downturn in the crypto market over the weekend. $XRP price early April 28, 2025 CoinGecko It is unclear if the ProShares XRP ETF approval is the main reason for the price spike, especially with hopes rising for positive news around Trump's trade war soon. Still, XRP is on a roll compared to other products around crypto ETFs. It also has the most number of applicants for ETF products. © Copyright IBTimes 2024. All rights reserved.
