---
title: The first ever 2x and -2x spot bitcoin ETFs hit the market yesterday from ProShares.
description: "$BITU and $SBIT (tickers could have been better). \n$BITX is 2x but it tracks futures and $BITI is -1x but is also futures. \nFee 95bps on both. \nHaven't traded too much so far, under $1m.\nSource: Eric Balchunas, Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [The first ever 2x and -2x spot bitcoin ETFs hit the market yesterday from ProShares.](https://blog.syzgroup.com/syz-the-moment/the-first-ever-2x-and-2x-spot-bitcoin-etfs-hit-the-market-yesterday-from-proshares)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Apr 3, 2024, 2:02:19 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/the-first-ever-2x-and-2x-spot-bitcoin-etfs-hit-the-market-yesterday-from-proshares)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2024-04-03T14:02:19.347Z",
  "datePublished" : "2024-04-03T14:02:19Z",
  "headline" : "The first ever 2x and -2x spot bitcoin ETFs hit the market yesterday from ProShares.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 501,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/11-Apr-03-2024-02-01-56-3613-PM.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/the-first-ever-2x-and-2x-spot-bitcoin-etfs-hit-the-market-yesterday-from-proshares",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```