Financial

ProShares, Firm Behind First Bitcoin ETF, Officially Opens HQ at The Wilson in Downtown Bethesda

MBS Staff
Proshare HQ Bethesda The Wilson 7272 Wisconsin Ave - Studios Architecture

Twenty-five years in the making, a Montgomery County financial investment firm has grown into one of the world’s most popular companies for Exchange Traded Funds (ETFs).

Yesterday, ProShares management officially announced the company’s move to The Wilson office tower in downtown Bethesda. The new address at 7272 Wisconsin Avenue on the 21st floor is only a block away from its former headquarters in the Chevy Chase Trust towers at 7501 Wisconsin Avenue.

The company joins other high-profile tenants at the newly completed office tower including WTTG Fox 5 DC and affiliates, and Eniva (NASDAQ: EVA). Proshares will occupy the top three floors and 54,000 square feet in the 295’foot building.

“For 25 years, ProShares and its affiliates have pioneered some of the most innovative funds in the asset management industry,” says ProShares CEO Michael L. Sapir. “Our new office space is not only a testament to our firm’s success, but it positions us well for future growth as an employer of choice in the Washington DC area.”

Late last year ProShares was the first company in the United States to release a Bitcoin ETF called BITO, soon after the company launched an ETF linked to the Metaverse called VERS. The company has doubled in size in just three years and controls $70 billion in assets under management (AUM). 

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