Industry | Financial services |
---|---|
Founded | ProFunds Group: 1997 ProShares: 2006 |
Founders | Louis Mayberg Michael Sapir |
Headquarters | Bethesda, Maryland |
Products | Exchange-traded funds |
AUM | US$70 billion (2024) [1] |
Website |
www |
ProShares is an issuer of exchange-traded funds, including inverse exchange-traded funds, and similar products. [2]
ProFunds Group was founded in 1997 by former Rydex employees Louis Mayberg and Michael Sapir for $100,000. [3] [4] That year, it introduced bear market inverse mutual funds.
In 2006, ProFunds Group launched ProShares and its first inverse exchange-traded fund. [5] [6] [7]
In October 2021, the company launched an exchange-traded fund that invests in Bitcoin futures contracts. [1] [8]
On October 2, 2023, ProShares launched 3 Ethereum Futures ETFs in the US, becoming one of the first companies to launch an Ethereum ETF in US history. [9]
Industry | Financial services |
---|---|
Founded | ProFunds Group: 1997 ProShares: 2006 |
Founders | Louis Mayberg Michael Sapir |
Headquarters | Bethesda, Maryland |
Products | Exchange-traded funds |
AUM | US$70 billion (2024) [1] |
Website |
www |
ProShares is an issuer of exchange-traded funds, including inverse exchange-traded funds, and similar products. [2]
ProFunds Group was founded in 1997 by former Rydex employees Louis Mayberg and Michael Sapir for $100,000. [3] [4] That year, it introduced bear market inverse mutual funds.
In 2006, ProFunds Group launched ProShares and its first inverse exchange-traded fund. [5] [6] [7]
In October 2021, the company launched an exchange-traded fund that invests in Bitcoin futures contracts. [1] [8]
On October 2, 2023, ProShares launched 3 Ethereum Futures ETFs in the US, becoming one of the first companies to launch an Ethereum ETF in US history. [9]