ProShares Opens New Headquarters, Affirms Commitment to Greater Washington D.C. Area
Apr 04, 2022
Asset management firm’s 54,000-sq.-ft. office highlights dedication to talent and innovation in downtown Bethesda
Bethesda, Md. – ProShares, a premier provider of ETFs, is pleased to announce the opening of its new headquarters at The Wilson on Wisconsin Avenue, a sign of the fast-growing asset management firm’s commitment to the Greater Washington D.C. area.
ProShares has more than doubled in size over the past three years to over $70 billion under management, while launching innovative products like BITO, the first-ever bitcoin-linked ETF in the United States, and VERS, a new thematic ETF that allows investors to access the companies shaping the metaverse. The firm has grown to more than 160 employees, most of whom will work out of its new downtown headquarters.
“For 25 years, ProShares and its affiliates have pioneered some of the most innovative funds in the asset management industry,” says ProShares CEO Michael L. Sapir. “Our new office space is not only a testament to our firm’s success, but it positions us well for future growth as an employer of choice in the Washington DC area.”
ProShares will occupy three top floors of The Wilson, a 24-story, state-of-the-art building designed with sustainability, health and wellness in mind. Employees and visitors will enjoy an open, modern workspace designed for collaboration, with indoor and outdoor meeting spaces as well as areas for more casual gatherings. The office provides panoramic views in all directions, extending to the Capitol Building and Washington Monument. It is conveniently located close to public transportation and parking, with easy access to the Bethesda Row shopping, dining and entertainment district and the Capital Crescent trail for outdoor exercise.
ProShares employees will fully return to the office this week after nearly two years of working remotely. “Our hope is that our beautiful, new workspace will foster a spirit of collaboration and innovation that has been the hallmark of our success for more than two decades,” said Mike Butler, ProShares Chief Human Resources Officer.
ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with over $70 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.