June 1, 2023
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Re: ProShares Trust
Request for Withdrawal on Form AW
Ladies and Gentlemen:
Pursuant to Rule 477 under the Securities Act of 1933, as amended, ProShares Trust (the "Trust") respectfully requests that, effective as of the date first set forth above or at the earliest practicable date hereafter, the Securities and Exchange Commission (the "Commission") consent to the withdrawal of Post- Effective Amendment 268 to the Trust's Registration Statement on Form N-1A (File Nos. 333-89822; 811- 21114) filed with the Commission on April 6, 2023, SEC Accession No. 0001683863-23-003137 (the "Amendment"). The Amendment relates to ProShares UltraBitcoin Strategy ETF, a new series of the Trust. The Trust is withdrawing the Amendment because it has elected not to proceed with the registration process for the new series associated with the Amendment.
The Amendment has not yet been declared effective and no securities have been sold pursuant to the Amendment.
Accordingly, we request that the Commission issue an order granting withdrawal of the Amendment effective as of the date first set forth above or at the earliest practicable date hereafter.
Should you have any questions regarding this matter, please contact me at (240) 497-6400.
Very truly yours,
ProShares Trust
By: | /s/ Richard F. Morris |
| Richard F. Morris |
| Chief Legal Officer and Secretary |
