ProShares Withdraws Leveraged ETFs After SEC Request
- The SEC requested ProShares to withdraw its filing for leveraged ETFs linked to major stocks and crypto assets.
- No securities were sold as part of this filing.
- The proposed ETFs included 3x leveraged funds targeting technology stocks such as Amazon, Coinbase, Google, and Tesla.
Following a request from the SEC, ProShares has withdrawn its proposal for a lineup of leveraged ETFs that would have been tied to both prominent technology stocks and cryptocurrency assets. The filing included plans for funds targeting companies like Amazon and Coinbase, but no securities were sold prior to the withdrawal.
Source (3.2)https://cryptobriefing.com/proshares-leveraged-etfs-withdrawal/?rand=59535
