ProShares Launches First ETFs Targeting 2x Daily Returns of Platinum and Palladium

World’s largest provider of geared ETFs adds platinum, palladium, and copper to complement its crude oil, natural gas, silver, and gold offerings.

ProShares, the world’s leader in geared (leveraged and inverse) investing, today announced the expansion of its commodity ETF lineup with the launch of the first ETFs targeting 2x daily returns of platinum and palladium. ProShares is also introducing an ETF targeting 2x daily returns of copper.

The ETFs launched today are:

• ProShares Ultra Platinum K-1 Free ETF (UPLT): The first and only ETF that targets 2x daily returns of platinum.

• ProShares Ultra Palladium K-1 Free ETF (UPAL): The first and only ETF that targets 2x daily returns of palladium.

• ProShares Ultra Copper K-1 Free ETF (UCOP): Targets 2x daily returns of copper.

The funds are K-1 free and provide Form 1099 tax reporting.

“For the first time, investors can magnify the daily returns of platinum and palladium through an ETF,” said ProShares CEO Michael L. Sapir. “With these launches, ProShares now provides 11 geared commodity ETFs.”

ProShares is the world’s largest provider of geared ETFs, with more than 110 products and over $62 billion in assets across a lineup spanning equities, fixed income, commodities, currencies, crypto, and volatility.¹ ProShares offers the largest lineup of geared commodity ETFs in the U.S.