ProShares Ultra Platinum K-1 Free ETF

ProShares Ultra Platinum K-1 Free ETF is a leveraged exchange-traded fund designed to deliver daily investment results, before fees and expenses, that correspond to two times the daily performance of the price of platinum. It achieves this objective by investing in financial instruments, including swap agreements with major financial institutions referencing abrdn Physical Platinum Shares ETF (PPLT), which holds physical platinum, rather than investing directly in the commodity itself. This structure provides investors with amplified exposure to platinum price movements on a daily basis, gaining approximately twice as much when platinum rises and losing approximately twice as much when it falls. As a K-1 free product, the ETF issues Form 1099 tax reporting, simplifying tax obligations compared to traditional commodity partnerships that require Schedule K-1 forms. Launched in April 2026, ProShares Ultra Platinum K-1 Free ETF serves traders and investors seeking geared commodity exposure within a familiar ETF framework, contributing to ProShares' lineup of leveraged commodity strategies amid interest in precious metals markets.