U.S. Options

ProShares Ultra Ether ETF (ETHT) and ProShares UltraShort Bitcoin ETF (SBIT) have announced reverse stock splits effective for Thursday, June 12, 2025.  On that date, the current option classes will change to to the following:

• ProShares Ultra Ether ETF (ETHT) changes to (ETHT1)
• ProShares UltraShort Bitcoin ETF (SBIT) changes to (SBIT1)

The MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange will not list the above adjusted options. Therefore, no options on ETHT and SBIT will be available for trading on Thursday, June 12, 2025.

ETHT and SBIT will resume trading on the MIAX Options Exchange, MIAX Pearl Options Exchange, MIAX Emerald Options Exchange and MIAX Sapphire Options Exchange on Friday, June 13, 2025.

All GTC orders resting on the MIAX order books in ETHT and SBIT will be canceled at the close of business on Wednesday, June 11, 2025.

Additional details about the above distributions are provided in the attached OCC Memos.

Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.