Golden Finance reported that ProShares, a major provider of ETFs, launched the ProShares Ultra Bitcoin ETF (BITU), which is the first ETF to target a 2x daily return on Bitcoin. At the same time, ProShares also launched the ProShares Ultra Short Bitcoin ETF (SBIT), the first ETF to target daily Bitcoin returns of -2x. BITU and SBIT are listed on the New York Stock Exchange and are designed for investors looking to leverage or short Bitcoin investments with the accessibility, convenience and efficiency of ETFs.