Diversification does not ensure a profit or guarantee against a loss.
The linked podcast represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any security in particular. ProShares claims no responsibility for its accuracy or the reliability of the information provided. Any opinions expressed in this podcast reflect analysis at the date of recording and are subject to change. This information is not intended to provide tax or legal advice. Please consult your financial advisor for more information.
Regulation does not mean an investment or security is safe or guaranteed in any way. Investing involves risk, including loss of principal.
These ETFs invest in cryptocurrency derivatives (swap agreements, futures contracts and similar instruments) and do not invest directly in crypto assets. Crypto assets are a relatively new asset class and the market for crypto assets is subject to rapid changes and uncertainty. Crypto assets are subject to unique and substantial risks, such as rapid price swings and lack of liquidity, including as a result of changes in their supply and demand, statements by influencers and the media, and other factors. Crypto assets are largely unregulated and may be more susceptible to fraud and manipulation than more regulated investments. The value of an investment in these ETFs could decline significantly and without warning, including to zero. BITO is actively managed. While the CoinDesk 20 Index has 20 constituents, it may be heavily weighted in just a few crypto assets (e.g., Bitcoin, Ether, Binance Coin, Solana, XRP). As a result, their performance will have a much greater influence on the ETF’s performance than the remaining crypto assets in the index. The composition of the index can change significantly over time and many or all of the constituents may be replaced at each quarterly reconstitution. Smaller crypto assets tend to carry higher risks, including greater volatility and increased vulnerability to fraud or manipulation.
These ETFs are non-diversified and are subject to risks associated with the use of derivatives, counterparty risk, imperfect benchmark correlation, leverage, and market price variance, all of which can increase volatility and decrease performance. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.
Carefully consider the investment objectives, risks, charges, and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Obtain them from your financial professional or visit ProShares.com.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.
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Leveraged & Inverse