ProShares Trust's 8 crypto futures ETFs are expected to take effect on April 30
Internet reports that according to US SEC documents, the eight crypto futures ETFs registered by ProShares Trust with the US SEC on January 17, 2025 are expected to take effect on April 30. According to public information, ProShares Trust registered 8 crypto futures ETF products with the US SEC on January 17, 2025, including four Solana Futures ETFs (ProShares Solana ETF, ProShares UltraShort Solana ETF, ProShares Ultra Solana ETF, ProShares Short Solana ETF) and four XRP Futures ETFs (ProShares XRP ETF, ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF and ProShares Short XRP ETF). April 2, 75 days later, was the initial proposed effective date and the final decision date for the US SEC to rule on these eight ETFs, but the US SEC did not respond after the expiration. ProShares Trust filed an amendment with the US SEC on April 15, and all eight ETFs are expected to take effect on April 30. According to Eleanor Terrett, a former Fox reporter, ProShares Trust's eight crypto futures ETFs are applications for futures and leveraged/reverse products. These products do not require "approval" by the US SEC like spot products. As long as the US Stock SEC does not raise any objections within a certain period of time after the application is submitted, these products will take effect.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.