ProShares Ultra Platinum K-1 Free ETF
UPLT
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Apr 19, 2026
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra Platinum K-1 Free ETF, a fund that seeks to deliver 2x daily returns of the price of platinum, operates as a commodity-focused exchange-traded fund managed by ProShare Advisors, and is listed under the ProShares family. The fund targets leveraged exposure to platinum through financial instruments including derivatives and swap agreements, with a typical allocation emphasis on instruments designed to produce daily magnified exposure to platinum prices, while maintaining a policy to invest primarily in assets and instruments intended to achieve this Daily Target. The ETF is structured as a grantor trust or trust-like vehicle with exposure to physical platinum or closely related financial instruments and seeks to reflect twice the daily performance of platinum, before fees and expenses. It offers investors exposure to volatility and price movements in platinum without owning the physical metal directly, using a 2x leverage framework that resets daily. Founding year and headquarters: ProShares and its ETFs are developed and managed by ProShare Advisors, with the issuer headquartered in the United States, and the fund’s creation and primary listing occurring in 2026. Geographic operations are centered in the United States, with the fund available to investors through U.S. exchanges and distribution channels. The issuer’s broader corporate structure includes ProShares Trust as the sponsor, with potential affiliated entities handling distribution, marketing, and compliance across markets. Main products and services: ProShares Ultra Platinum K-1 Free ETF provides leveraged exposure to platinum price movements via daily-targeted returns; it uses swap agreements, derivatives, and money market instruments to implement its 2x objective; the fund may also employ U.S. Treasury instruments, repurchase agreements, and related cash-management tools to support collateral and liquidity; as a K-1 free product, it is designed to avoid traditional K-1 tax forms, offering a simplified tax reporting framework for certain investors. The fund distributes exposure through typical ETF channels, including brokerage platforms and direct investment accounts, and provides daily net asset value reporting, fund literature, and performance updates. Latest major company changes: ProShares launched the Ultra Platinum K-1 Free ETF in 2026 as part of a broader strategic expansion into 2x daily-return commodity ETFs, alongside similar launches for palladium and copper; the changes include a shift toward K-1 free structures to reduce investor tax reporting complexity, and the introduction of multiple new leveraged commodity offerings in 2026 to broaden the suite of 2x daily exposure products; the fund’s inception and early lifecycle reflect a strategic emphasis on targeted, leveraged commodity access delivered through ProShares’ distribution and governance framework. The company reports ongoing updates to index methodology, leverage mechanics, and risk disclosures in its prospectus and fact sheets. Additional context: Industry focus is commodities and metals; business segments include leveraged and inverse ETF products, commodity benchmarks, and ETF issuer services; target markets include retail and institutional investors seeking amplified exposure to platinum price movements; geographic scope is primarily United States markets with listing on U.S. exchanges; subsidiary relationships include the ProShares Trust structure and ProShare Advisors as the investment adviser. The fund is designed to track the daily performance of platinum, leveraging the price movements of the metal, and complements ProShares’ family of 2x commodity ETFs. [Note: This description consolidates publicly available information as of 2026 and reflects the fund’s stated objective, structure, and launch context.]