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

Bitcoin Miners Report Significant Sales Amid Market Changes

Bitcoin miners have sold approximately 800 BTC over the past four days, indicating a potential shift in market sentiment.

Rajesh Kumar2 minutes ago

The CLARITY Act's Potential Impact on XRP Prices

The expected passage of the CLARITY Act could significantly influence XRP's price, with projections suggesting a minimum price of $50 and potential highs of $1,400.

Lucas Weissmann3 hours ago

DeFi Development Corp's Treasury Strategy Involves Active SOL Management

DeFi Development Corp employs a strategy of accumulating and staking SOL while deploying part of its treasury on-chain.

Filippo Romano6 hours ago

STRC Hits Record High Daily Trading Volume

On May 14, 2023, STRC achieved a record daily trading volume of $153 billion, indicating strong market interest in Strategy's capital-raising efforts.

Emily Carter7 hours ago

Strategy to Repurchase $1.5 Billion of Convertible Debt Notes

Strategy, formerly known as MicroStrategy, plans to repurchase $1.5 billion of its 2029 convertible debt notes to retire debt and reorganize its balance sheet.