According to the asset manager, GDAY seeks to offer twice the daily performance of the US dollar price of the Australian dollar, before fees and expenses, while CROC seeks will provide -2x the daily performance of the US dollar price of the Australian dollar, before fees and expenses.
ProShare Capital Management, the sponsor of the funds chairman and CEO Michael L Sapir said the Australian dollar is one of the world’s most actively traded currencies.
"We are pleased to offer investors additional ways to manage risk or potentially take advantage of moves in this widely followed currency market," Sapir added.
Each ProShares ETF offers access to an alternative investment strategy delivered with the liquidity, transparency and cost effectiveness of an ETF.
The induction of Australian dollar ETFs brings the total number of ProShares geared currency ETFs to seven, the firm said.
