ProShares is an issuer of

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the ...

s, including

inverse exchange-traded fund An inverse exchange-traded fund is an exchange-traded fund (ETF), traded on a public stock market, which is designed to perform as the ''inverse'' of whatever index or benchmark it is designed to track. These funds work by using short selling, t ...

s, and similar products.

History

ProFunds Group was founded in 1997 with $100,000 by former

Rydex Guggenheim Partners is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services. Organization The firm is headquartered in New York City an ...

employees Louis Mayberg and Michael Sapir. That year, it introduced bear market inverse mutual funds. In 2006, ProFunds Group launched ProShares and its first

. In October 2021, the company launched an exchange-traded fund that invests in

Bitcoin Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...

futures contract In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset ...

References

External links

* {{Official website 2006 establishments in Maryland Companies based in Bethesda, Maryland Financial services companies of the United States Financial services companies established in 2006 Investment management companies of the United States