ProShares and Bitwise File for New Bitcoin ETFs

ProShares and Bitwise are expanding their Bitcoin-linked financial offerings, each filing for new exchange-traded funds (ETFs) with the SEC. ProShares plans to launch three ETFs that track the S&P 500, Nasdaq-100, and gold against Bitcoin, using Bitcoin futures contracts rather than direct investments. Meanwhile, Bitwise's proposed Bitcoin Standard Corporations ETF would invest in publicly traded firms with substantial Bitcoin reserves, requiring these companies to hold at least 1,000 Bitcoin and meet specific financial criteria. This development comes amidst a broader trend of companies adopting Bitcoin treasury strategies, with firms such as MicroStrategy significantly increasing their Bitcoin holdings. The ETFs aim to provide investors indirect exposure to Bitcoin, highlighting its growing integration into traditional financial markets. Additionally, Strive has introduced the Bitcoin Bond ETF, further showcasing the increasing mainstream acceptance of Bitcoin.