Question 1

What backs SPXU?

Accepted Answer

SPXU (ProShares UltraPro Short S&P 500 (Dinari Tokenized ETF)) is backed by Tokenized exchange-traded funds (ETFs).

Question 2

Can I trade SPXU 24/7?

Accepted Answer

Yes — SPXU trades on-chain 24/7/365, including weekends when traditional markets are closed.

Question 3

Is SPXU permissionless to buy?

Accepted Answer

Partly — SPXU trades permissionlessly on secondary DEX pools, but minting or redeeming directly with the issuer requires KYC / accredited-investor eligibility.