ProShares Files Leveraged ETFs for Switch, SambaNova and DayOne

ProShares has filed to launch six single-stock leveraged ETFs tied to Switch, SambaNova Systems, and DayOne Data Centers, three AI infrastructure companies that are reportedly considering initial public offerings (IPOs). For each company, ProShares plans both a 2x leveraged ETF and a -2x inverse ETF, providing twice the daily return or twice the inverse of the stock's daily performance before fees and expenses. The filings position the funds to launch if the companies complete their public listings, offering traders leveraged exposure to firms spanning AI-ready data centers, AI chips and inference platforms, and hyperscale digital infrastructure. Like other leveraged single-stock ETFs, the funds are designed for short-term trading and seek daily, not long-term, investment results.