ProShares Advisors LLC
04/21/2026 | Press release | Distributed by Public on 04/21/2026 06:39
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.
BETHESDA, Md. - 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.
About ProShares
ProShares has been at the forefront of the ETF revolution since 2006, offering one of the industry's largest ETF lineups. Together with its mutual fund affiliate, ProFunds, the firm manages more than $85 billion in assets.2 The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
To learn more about the company and career opportunities, visit us on LinkedIn or at ProShares.com.
ProShares Advisors LLC published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 12:39 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]