ProShares to debut short Ether ETF in november

by Liza Tanasova

3 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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Michael Saylor Advocates for Bitcoin as Pure Digital Capital

Michael Saylor emphasizes that Bitcoin should remain a pure digital asset, separate from yield-bearing crypto systems.

Maya Lundqvistan hour ago

Bitcoin Tests Global Liquidity Assumptions

Bitcoin is currently testing the assumption that rising global liquidity will lead to higher prices, as global M2 liquidity reaches a record high.

Leo van der Veen2 hours ago

Switzerland to Host US-Iran Memorandum Signing on June 19, 2026

Switzerland is set to host a US-Iran memorandum signing on June 19, 2026, involving Qatar and Pakistan as mediators.

Li Weicheng4 hours ago

Aztec Connect Smart Contract Exploited for $219 Million

A deprecated Aztec Connect smart contract has been exploited for about $219 million, highlighting the risks associated with old contracts in DeFi.

Aisha Farooq5 hours ago

World Liberty Financial Partners with UFC for USD1 Stablecoin Bonus Pool

World Liberty Financial has partnered with UFC to use its USD1 stablecoin in the event's bonus structure, aiming to promote the token to a mainstream sports audience.