March 25, 2025 

VIA EDGAR 

U.S. Securities and Exchange Commission 

Division of Corporation Finance 

100 F Street, N.E. 

Washington, D.C. 20549 

Re:Registration Statement on Form S-1, as amended, for ProShares Trust II 

File No.: 333-284921 

Acceleration Request: 

Requested Date: March 27, 2025 

Requested Time: 5:00 p.m. Eastern Standard Time 

Ladies and Gentlemen, 

On behalf of ProShares Trust II, we hereby request that the effective date for the above-captioned Registration Statement, as amended, be accelerated pursuant to Rule 461 under the Securities Act of 1933, as amended, so that it will be declared effective under the Securities Act of 1933, as amended, as of 5:00 p.m. on March 27, 2025, or as soon thereafter as reasonably practicable. 

If you have any questions regarding this request, please contact Robert Borzone at (240) 497-6578. 

Thank you for your time and attention to this matter. 

ProShare Capital Management LLC 

By: /s/ Richard Morris 

  Richard Morris 

  General Counsel