ProShares Launches First ETF to Target 2x Daily Returns of Nasdaq-100 Top 30 Index

World's largest provider of leveraged and inverse ETFs expands $40 billionsuite tied to the tech-heavy Nasdaq-100.

BETHESDA, Md. - ProShares, the world's leader in leveraged and inverse ETFs, today announced the launch of ProShares Ultra QQQ Top 30 (QQXL)-the first and only ETF designed to target 2x the daily returns of the Nasdaq-100 Top 30 Index. QQXL expandsProShares' $40 billionsuite of leveraged and inverse ETFs linked to the Nasdaq-100, which includes ProShares UltraProQQQ (TQQQ), the world's largest leveraged ETF.¹

The Nasdaq-100 Top 30 Index offers focused exposure to 30 of the largest and most influential companies in the tech-heavy Nasdaq-100. The index features leaders like Nvidia, Apple, Meta Platforms, and Palantir-firms driving innovation on a global scale.²

"In recent years, market leadership has converged around a group of innovators-many in technology-who are redefining what's possible, a trend that investors are eager to capture," said ProShares CEO Michael L. Sapir. "With QQXL, investors can now target 2x the daily returns of these market leaders with the ease and convenience of a single ETF trade."

ProShares pioneered the leveraged and inverse ETF category nearly two decades ago and remains the largest provider in the world,³offering funds linked to major stock indexes, single stocks, fixed income, commodities, currencies, cryptocurrencies, and volatility.

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $90 billion in assets and offers one of the largest lineups of ETFs.⁴The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto-linked 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.