ProShares Sets $0.011879 November Distribution for Ultra Bitcoin ETF
Photo: TokenPost
ProShares set a November distribution of $0.011879 per share for the ProShares Ultra Bitcoin ETF, setting the cash amount for shareholders who qualify for its monthly payout. Nov. 2 is both the record date, which determines eligible shareholders, and the ex-distribution date. The fund seeks a return equal to twice Bitcoin (BTC)’s price move over one day, before fees and expenses. It does not invest directly in Bitcoin. Distribution dates are estimates and may change, and a fund may not make a payment on every scheduled date. BITU’s payment is scheduled for Friday, Nov. 6.
Source: TokenPost
