The post ProShares abandons lineup of leveraged ETFs featuring Bitcoin, Ether, XRP, and Solana after SEC revision request appeared on BitcoinEthereumNews.com. Key Takeaways The SEC’s recent request nixes ProShares’ push for leveraged ETFs tied to prominent stocks and crypto assets. The withdrawal followed a request from the SEC and no securities were sold related to the filing. ProShares has moved to halt its push for a lineup of leveraged exchange-traded funds that would have offered 3x daily exposure to digital assets and technology stocks, after the SEC requested the ETF issuer to revise the filings or delay effectiveness. The SEC’s Division of Investment Management on Tuesday sent a letter to ProShares expressing concern about post-effective amendments for ETFs seeking more than 200% (2x) leveraged exposure. The regulator questioned whether the funds’ filings properly measured leverage risk using the actual securities or indices they track. The letter identified multiple ProShares Daily Target 3x ETFs across equities, crypto, commodities, and sectors, including Bitcoin, Ethereum, XRP, AI, semiconductors, gold miners, and QQQ. Following the request, the asset manager filed to withdraw the post-effective amendment to its registration statement. The abandoned products include ProShares Daily Target 3x Bitcoin, ProShares Daily Target 3x Ether, ProShares Daily Target 3x Solana, and ProShares Daily Target 3x XRP. The filing also covered 3x leveraged funds targeting individual technology stocks, including Amazon, Coinbase, Circle, Google, MicroStrategy, Nvidia, Palantir, and Tesla. ProShares stated in the withdrawal request that it “has elected not to proceed with the registration of the Funds.” The company confirmed that no securities were sold in connection with the filing. Source: https://cryptobriefing.com/proshares-leveraged-etfs-withdrawal/The post ProShares abandons lineup of leveraged ETFs featuring Bitcoin, Ether, XRP, and Solana after SEC revision request appeared on BitcoinEthereumNews.com. Key Takeaways The SEC’s recent request nixes ProShares’ push for leveraged ETFs tied to prominent stocks and crypto assets. The withdrawal followed a request from the SEC and no securities were sold related to the filing. ProShares has moved to halt its push for a lineup of leveraged exchange-traded funds that would have offered 3x daily exposure to digital assets and technology stocks, after the SEC requested the ETF issuer to revise the filings or delay effectiveness. The SEC’s Division of Investment Management on Tuesday sent a letter to ProShares expressing concern about post-effective amendments for ETFs seeking more than 200% (2x) leveraged exposure. The regulator questioned whether the funds’ filings properly measured leverage risk using the actual securities or indices they track. The letter identified multiple ProShares Daily Target 3x ETFs across equities, crypto, commodities, and sectors, including Bitcoin, Ethereum, XRP, AI, semiconductors, gold miners, and QQQ. Following the request, the asset manager filed to withdraw the post-effective amendment to its registration statement. The abandoned products include ProShares Daily Target 3x Bitcoin, ProShares Daily Target 3x Ether, ProShares Daily Target 3x Solana, and ProShares Daily Target 3x XRP. The filing also covered 3x leveraged funds targeting individual technology stocks, including Amazon, Coinbase, Circle, Google, MicroStrategy, Nvidia, Palantir, and Tesla. ProShares stated in the withdrawal request that it “has elected not to proceed with the registration of the Funds.” The company confirmed that no securities were sold in connection with the filing. Source: https://cryptobriefing.com/proshares-leveraged-etfs-withdrawal/