ProShares Trust - ProShares Bitcoin Strategy ETF

ProShares Bitcoin ETF is an exchange-traded fund that seeks to provide exposure to Bitcoin through the use of futures contracts rather than direct ownership of the cryptocurrency. The fund primarily holds front-month Bitcoin futures traded on regulated exchanges such as the Chicago Mercantile Exchange, using an actively managed approach to maintain targeted exposure to the Bitcoin futures market. This structure allows market participants to access Bitcoin price movements through a familiar brokerage and ETF framework, without needing a digital wallet or direct interaction with cryptocurrency exchanges. ProShares Bitcoin ETF is designed for those who want Bitcoin-linked returns via a regulated investment vehicle that settles in cash and operates under U.S. securities and derivatives regulations. The fund may also hold cash, cash equivalents, or money market instruments as collateral for its futures positions, helping support liquidity and operational efficiency in daily trading and portfolio management. Founded in 1997 and headquartered in Bethesda, Maryland, ProShares is known for specialized exchange-traded products spanning strategic, leveraged, and inverse strategies across multiple asset classes.