Latest news with #ProShares'
Yahoo
17-07-2025
- Business
- Yahoo
XRP Builds Higher Lows, $2.93 Breakout Would Signal Trend Shift
What to know: XRP traded in a narrow 4.08% range between $2.82 and $2.93 from July 15 04:00 to July 16 03:00, closing at $2.89 for a 1.8% daily gain. Corporate breakout attempts above $2.92–$2.93 failed four times (12:00, 13:00, 17:00, 18:00) as coordinated institutional selling emerged. Market makers and treasury desks provided strong support around $2.85, with volumes exceeding the 78.9 million daily average during 14:00 and 19:00 accumulation windows. Final-hour move from $2.88 to $2.90 (+0.69%) came after a decline to $2.87, supported by 2 million+ token volume bursts — classic institutional footprint. News BackgroundAs ProShares' XRP Futures ETF approaches its July 18 launch, institutions appear to be rotating positions aggressively around key $3.00 remains the headline target, structured selling at $2.93 and consistent buy-side activity around $2.85 suggest tight-range rebalancing by corporate treasury ambiguity continues to limit upside, with several desks unwilling to cross full allocation thresholds until ETF flows normalize. Price Action Summary Range: $2.82 → $2.93 | Spread: $0.12 = 4.08% Failed Breakouts: $2.92–$2.93 rejections at 12:00, 13:00, 17:00, 18:00 Support Zone: $2.85 demand during 14:00 and 19:00 sessions Final Hour (02:33–03:32): XRP rose from $2.88 → $2.90 (+0.69%) Volume Spikes: Over 2 million tokens traded at 02:36–02:42, confirming accumulation Technical Analysis Price remains in tight consolidation channel under $3.00 psychological ceiling $2.85 continues to act as a key liquidity zone, with treasury activity concentrated near this level Resistance at $2.93 holds — confirming near-term indecision Classic pattern of higher lows forming intraday, despite rejection at upper boundary Momentum requires clear break above $2.93 with volume above 100 million for continuation What Traders Are Watching Will XRP break $2.93 ahead of the July 18 ETF launch, or fade into range-bound drift? Accumulation zones near $2.85 suggest positioning ahead of potential volatility spike Breakout above $3.00 would likely trigger corporate allocation upgrades across structured portfolios Failure to hold $2.88 could unwind recovery structure and target $2.82 retest TakeawayXRP is consolidating under pressure. Institutions are accumulating — but not yet committing above $ ETF catalyst is near. Until then, this is a volume game: support at $2.85 holds the floor; resistance at $2.93 sets the ceiling. Break either — and momentum will follow. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
26-06-2025
- Business
- Business Wire
ProShares Launches Groundbreaking Suite of Dynamic Buffer ETFs
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, today announced the launch of three groundbreaking ETFs based on an innovative, patent-pending methodology: "We feel confident that the dynamic protection afforded by these new funds will allow investors to rest easier at night and make them more likely to include equity exposure in their portfolios, even during market volatility." Share ProShares S&P 500 Dynamic Buffer ETF (FB) ProShares Nasdaq-100 Dynamic Buffer ETF (QB) ProShares Russell 2000 Dynamic Buffer ETF (RB) Each of these new Dynamic Buffer ETFs allow investors to capture gains on days the underlying index rises, up to a cap, while targeting protection against the first 1% to as much as 5% of losses on days the index falls. The downside protection—or buffer—that these ETFs seek adjusts automatically to target greater protection as expected volatility rises and less protection when expected volatility falls. Both the potential protection of the buffer and the upside participation cap adjust proportionally—the higher the expected volatility, the larger the buffer and the higher the cap. "We believe our first-of-their-kind Dynamic Buffer ETFs will be highly attractive to the many investors seeking equity market exposure who are concerned about drawdowns, but find that other strategies, like conventional buffer funds, tend to be complex and restrictive," said ProShares CEO Michael L. Sapir. "We feel confident that the dynamic protection afforded by these new funds will allow investors to rest easier at night and make them more likely to include equity exposure in their portfolios, even during market volatility—which is often the worst time to exit." Buffer ETFs have grown to $65 billion in assets under management. 1 Certain attributes of existing buffer ETFs have limited their appeal to many investors since, unless they are bought at the start of an extended fixed period (often as long as a year) and held until the end of that period, they can provide unexpected outcomes. ProShares' Dynamic Buffer ETFs avoid this pitfall by not requiring holding for a lengthy period to obtain the benefit of buffer protection. This represents a notable breakthrough—and a break from past limitations of this fund category. 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, 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 Source: Bloomberg, as of May 31, 2025 Each ProShares Dynamic Buffer ETF's Index employs a Dynamic Daily Buffer Strategy that combines long exposure to an underlying broad-based index with both long and short options on the underlying index having one day to expiration. This combination targets upside participation, up to a daily Cap, while seeking to provide a level of downside protection—or 'Target Buffer'—against losses ranging from the first 1% of losses to as much as the first 5% of losses each day. The Target Buffer adjusts dynamically each day based on the level of expected market volatility, targeting a greater level of protection when expected market volatility is higher. The strategy's Cap on daily upside participation is adjusted dynamically in a similar manner and is designed to be lower when expected volatility is lower, and higher when expected volatility is higher. There can be no guarantee that the ETF's Dynamic Daily Buffer Strategy will provide a level of downside protection up to the Target Buffer, or that the ETF will participate in upside returns up to the daily Cap. The ETF may underperform its underlying index over short or long periods of time, potentially significantly. The ETF's Cap and Target Buffer are each reset daily based on expectations of market volatility, and investors may experience losses to the extent market volatility exceeds such expectations. Even if the ETF's Dynamic Daily Buffer Strategy is successful, the ETF will be exposed to underlying index losses that exceed the Target Buffer, and the ETF will not participate in underlying index gains that exceed the daily Cap. If the ETF's Dynamic Daily Buffer Strategy is unsuccessful, the ETF will be exposed to investment losses, which could be significant. The outcomes that the Dynamic Daily Buffer Strategy seeks to provide are measured from the close of one business day to the next; shares traded intraday should not be expected to achieve the same investment outcome as the ETF. Shares traded after the Cap or Target Buffer have been reached should not expect to benefit from such Cap or Target Buffer that day. Investing involves risk, including the possible loss of principal. ProShares ETFs are generally non-diversified and entail certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), 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. There is no guarantee any ProShares ETF will achieve its investment objective. 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. The 'S&P 500' and 'S&P 500 Daily Dynamic Buffer Index' are products of S&P Dow Jones Indices LLC and its affiliates and have 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. 'Nasdaq,' 'Nasdaq-100 Index,' 'Nasdaq-100,' and 'Nasdaq-100 Dynamic Buffer Index' are registered trademarks of Nasdaq, Inc. and are licensed for use by ProShare Advisors LLC. London Stock Exchange Group plc and its group undertakings are 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 Buffer 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. None of these entities 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 is permitted without the relevant company's express written consent. These entities do not promote, sponsor or endorse the content of this communication. ProShares ETFs have not been passed on by these entities and their affiliates as to their legality or suitability. ProShares ETFs based on these indexes are not sponsored, endorsed, sold or promoted by these entities and 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. 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. Read them carefully before investing. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
Business Wire
03-06-2025
- 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
