• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
ProShares to debut short Ether ETF in november

ProShares to debut short Ether ETF in november

user avatar

by Liza Tanasova

2 years ago

In November, ProShares plans to introduce the ProShares Short Ether Strategy ETF (SETH). This ETF, one of three Ethereum futures exchange-traded funds (ETFs) offered by ProShares, is intended to mirror the daily performance of the S&P CME Ether Futures Index by performing the opposite.

Even though it doesn't directly short Ether, it hopes to make money when the price drops. SETH is expected to list on the NYSE Arca exchange on October 15, and trading is anticipated to start early the following month. The U.S. Securities and Exchange Commission recently approved the first Ethereum futures ETFs, which led to this action.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Blockchain Data Highlights Weak Support in Bitcoin's Price Trajectory

chest

Glassnodes' UTXO Realized Price Distribution tool shows limited supply clustering in the 70,000-80,000 band, suggesting potential price volatility.

user avatarTenzin Dorje

CME Data Reveals Bitcoin's Price Stability Zones

chest

CME futures data indicates significant price stability for Bitcoin in specific ranges, particularly the 30,000-49,999 zones.

user avatarBayarjavkhlan Ganbaatar

Smaller Tokens Outperform as Traders Seek Short-Term Gains

chest

Tokens outside the top 10, like DoubleZero 2Z, have shown significant gains as traders look for opportunities.

user avatarElias Mukuru

Massive Transfer of 89,312 ETH Sparks Market Speculation

chest

A significant transfer of 89,312 Ethereum from Bithumb to an unknown wallet has raised questions about market dynamics and institutional behavior.

user avatarMohamed Farouk

Hexydog HEXY Simplifies DeFi for Everyday Users

chest

Hexydog HEXY aims to make decentralized finance more accessible by reducing technical complexity for users.

user avatarRajesh Kumar

Little Pepe LILPEPE Engages Community with Viral Branding

chest

Little Pepe LILPEPE uses recognizable branding and gamification to drive community engagement.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.