ProShares
Issuer of exchange-traded funds
From Wikipedia, the free encyclopedia
ProShares is an American issuer of exchange-traded funds, including inverse exchange-traded funds, and similar products.[2]
IndustryFinancial services
FoundedProFunds Group: 1997
ProShares: 2006
ProShares: 2006
FoundersLouis Mayberg
Michael Sapir
Michael Sapir
HeadquartersBethesda, Maryland
 | |
| 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 |
History
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]
