ProShares CEO named to 2021 Bloomberg 50 list
TBloomberg Businessweek recently announced its annual list of top business leaders, innovators and entrepreneurs over the past year, and ProShares CEO Michael L. Sapir was included in the Top 50 list, as stated in a press release. The list will be published on December 6 in the Bloomberg Businessweek and is unrated.
The lists include influencers from all aspects of business, politics, entertainment, science, finance, and technology for this year. Previous years have included Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases; Gwynne Shotwell, President and COO of SpaceX; Jerome Powell, Chairman of the Federal Reserve; and entertainment icons like Taylor Swift.
“It is a real privilege to be recognized among the icons and innovators of the Bloomberg 50 2021,” said Sapir. “I am honored to have my name included alongside such an illustrious and diverse group of world leaders. “
This year’s list includes Vanessa Pappas, the COO of TikTok; MacKenzie Scott, who has donated $ 8.6 billion to organizations and is one of the most prolific philanthropists of all time; Andy Jassy, CEO and President of Amazon.com; and Karen Lynch, CEO and President of CVS Health Corp. The list includes athletes, politicians, prominent UN members, and more.
Under Sapir, ProShares launched the very first bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO), which became the fastest ETF to reach $ 1 billion in assets under management, pulling off the feat in just two days. Since there is no spot bitcoin ETF available in the United States, it is an alternative that allows investors to gain exposure to the growth of digital assets.
BITO continues the tradition of firsts within ETFs for the company; ProShares was also the first to launch leveraged and reverse ETFs in the United States, as well as the first to offer an ETF focused on the pet care industry. The company’s assets under management are approximately $ 75 billion, largely thanks to a culture of innovation, all led by Sapir.
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