March 25, 2021 

United States Securities and Exchange Commission 

100 F Street, N.E. 

Washington, D.C. 20549 

Attn:  Tetyana Aldave, Attorney-Advisor 

Division of Corporation Finance 

Re:  Registration Statement on Form S-3 for ProShares Trust II (File No. 333-253088) 

Dear Ms. Aldave: 

On behalf of ProShares Trust II, we hereby request that the effective date for the above-captioned Registration Statement be accelerated so that it will be declared effective under the Securities Act of 1933, as amended, as of 5:00 p.m. on March 29, 2021, or as soon thereafter as reasonably practicable. 

If the Staff has any further comments or questions regarding this filing, please contact me at (240) 497-6400. Thank you for your time and attention to this matter. 

ProShare Capital Management LLC 

By: /s/ Richard F. Morris 

Richard F. Morris 

General Counsel