ProShares Launches First-Ever 2x Platinum, Palladium, Copper ETFs, Expands Leveraged Commodity Lineup Amid Metals Boom
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ProShares has launched the first-ever 2x leveraged ETFs for platinum, palladium, and copper, expanding its commodity offerings amid rising demand for metals. The new funds, ProShares Ultra Platinum K-1 Free ETF (UPLT), ProShares Ultra Palladium K-1 Free ETF (UPAL), and ProShares Ultra Copper K-1 Free ETF (UCOP), aim to deliver twice the daily returns of their respective commodities. These ETFs are designed for tactical investors and are K-1 free, enhancing tax efficiency. ProShares now has 11 geared commodity ETFs, solidifying its status as the largest provider of leveraged ETFs globally.
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