CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form N-1A of ProShares Trust of our reports dated July 25, 2025, relating to the financial statements and financial highlights of each of the Funds as listed in Appendix I, which appear in ProShares Trust’s Certified Shareholder Report on Form N-CSR for the year ended May 31, 2025. We also consent to the references to us under the headings "Financial Statements", "Independent Registered Public Accounting Firm" and "Financial Highlights" in such Registration Statement.
/s/PricewaterhouseCoopers LLP Columbus, Ohio
September 23, 2025
Appendix I
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Funds |
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Short 7-10 Year Treasury |
UltraPro Dow30 |
Inflation Expectations ETF |
Short 20+ Year Treasury |
UltraPro MidCap400 |
Investment Grade-Interest Rate Hedged |
Short Dow30 |
UltraPro QQQ |
K-1 Free Crude Oil ETF |
Short Financials |
UltraPro Russell2000 |
Large Cap Core Plus |
Short FTSE China 50 |
UltraPro S&P500 |
Long Online/Short Stores ETF |
Short High Yield |
UltraPro Short 20+ Year Treasury |
Merger ETF |
Short MidCap400 |
UltraPro Short Dow30 |
Metaverse ETF |
Short MSCI EAFE |
UltraPro Short MidCap400 |
MSCI EAFE Dividend Growers ETF |
Short MSCI Emerging Markets |
UltraPro Short QQQ |
MSCI Emerging Markets Dividend Growers ETF |
Short QQQ |
UltraPro Short Russell2000 |
MSCI Europe Dividend Growers ETF |
Short Real Estate |
UltraPro Short S&P500 |
MSCI Transformational Changes ETF |
Short Russell2000 |
UltraShort 7-10 Year Treasury |
Nanotechnology ETF |
Short S&P500 |
UltraShort 20+ Year Treasury |
Nasdaq-100 Dorsey Wright Momentum ETF |
Short SmallCap600 |
UltraShort Consumer Discretionary |
Nasdaq-100 High Income ETF |
Ultra 7-10 Year Treasury |
UltraShort Consumer Staples |
On-Demand ETF |
Ultra 20+ Year Treasury |
UltraShort Dow30 |
Online Retail ETF |
Ultra Communication Services |
UltraShort Energy |
Pet Care ETF |
Ultra Consumer Discretionary |
UltraShort Financials |
Russell 2000 Dividend Growers ETF |
Ultra Consumer Staples |
UltraShort FTSE China 50 |
Russell 2000 High Income ETF |
Ultra Dow30 |
UltraShort FTSE Europe |
Russell U.S. Dividend Growers ETF |
Ultra Energy |
UltraShort Health Care |
S&P 500 Dividend Aristocrats ETF |
Ultra Financials |
UltraShort Industrials |
S&P 500 Ex-Energy ETF |
Ultra FTSE China 50 |
UltraShort Materials |
S&P 500 Ex-Financials ETF |
Ultra FTSE Europe |
UltraShort MidCap400 |
S&P 500 Ex-Health Care ETF |
Ultra Health Care |
UltraShort MSCI Brazil Capped |
S&P 500 Ex-Technology ETF |
Ultra High Yield |
UltraShort MSCI EAFE |
S&P 500 High Income ETF |
Ultra Industrials |
UltraShort MSCI Emerging Markets |
S&P Global Core Battery Metals ETF |
Ultra Materials |
UltraShort MSCI Japan |
S&P Kensho Cleantech ETF |
Ultra MidCap400 |
UltraShort Nasdaq Biotechnology |
S&P Kensho Smart Factories ETF |
Ultra MSCI Brazil Capped |
UltraShort QQQ |
S&P MidCap 400 Dividend Aristocrats ETF |
Ultra MSCI EAFE |
UltraShort Real Estate |
S&P Technology Dividend Aristocrats ETF |
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||
Ultra MSCI Emerging Markets |
UltraShort Russell2000 |
Smart Materials ETF |
Ultra MSCI Japan |
UltraShort S&P500 |
Supply Chain Logistics ETF |
Ultra Nasdaq Biotechnology |
UltraShort Semiconductors |
Bitcoin & Ether Equal Weight ETF |
Ultra Nasdaq Cloud Computing |
UltraShort SmallCap600 |
Bitcoin & Ether Market Cap Weight ETF |
Ultra Nasdaq Cybersecurity |
UltraShort Technology |
Bitcoin ETF |
Ultra QQQ |
UltraShort Utilities |
Ether ETF |
Ultra Real Estate |
Big Data Refiners ETF |
Short Bitcoin ETF |
Ultra Russell2000 |
Decline of the Retail Store ETF |
Short Ether ETF |
Ultra S&P500 |
DJ Brookfield Global Infrastructure ETF |
Ultra Bitcoin ETF |
Ultra Semiconductors |
Equities for Rising Rates ETF |
Ultra Ether ETF |
Ultra SmallCap600 |
Global Listed Private Equity ETF |
UltraShort Bitcoin ETF |
Ultra Technology |
Hedge Replication ETF |
UltraShort Ether ETF |
Ultra Utilities |
High Yield-Interest Rate Hedged |
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