Bats Global Markets, Inc. welcomed its 13th ProShares product to the Bats ETF Marketplace....
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The new issue is the ProShares K-1 Free Crude Oil Strategy ETF, which seeks to provide total return by providing exposure to the West Texas Intermediate crude oil futures market in an actively managed ETF. The fund’s strategy seeks to outperform certain index-based strategies by actively managing the rolling of crude oil futures contracts. OILK is the only crude oil ETF that is not a commodities partnership and therefore does not deliver K-1 tax forms to shareholders.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products, at Bats, said “We are pleased to welcome yet another ProShares Fund to the Bats ETF Marketplace and are proud of the relationship and the potential to grow further together.”
Bats executed 24.1% of U.S. ETF trading in August and has been the #1 U.S. market for ETF trading for every month of 2016. In addition, the company has won 26% of all new U.S. ETF listings this year, through August, vs 9% for all of 2015.
As of today, there are 19 issuers with a combined 103 ETFs listed in the U.S. on the Bats ETF Marketplace.