In a move that is raising eyebrows across the ETF industry, ProShares recently filed for approval of 94 different 3x ETFs with the SEC. The move follows competitor Rydex’s filing of approval for its own line of 3x leveraged and inverse ETFs.
Though it’s unclear when the funds will actually launch, ProShares hopes to ultimately bring to market bullish and bearish 3x ETFs breaking down as follows:
- Some 25 different domestic equity ETFs
- Another 62 international equity ETFs
- And seven bond ETFs