ProShares on Tuesday filed prospectus materials for five leveraged and inverse bitcoin exchange-traded funds, just days after spot bitcoin ETFs began trading.

The names of the funds are ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF. 

One of the funds "seeks daily investment results, before fees and expenses, that correspond to two times (2x) of the daily performance of the Bloomberg Galaxy Bitcoin Index," according to the prospectus materials. 

Two of the funds don't directly invest in bitcoin, and three do not directly short bitcoin, ProShares said in the filing.

ProShares' filing comes days after the Securities and Exchange Commission approved 11 spot bitcoin ETFs, …