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

XRP Ledger Development Continues Amid Regulatory Scrutiny

The latest release of the XRP Ledger highlights ongoing development and improvements in the protocol, emphasizing the importance of functionality beyond regulatory headlines.

Li Weicheng4 hours ago

Uniswap Introduces New Editorial Standards

Uniswap has recently implemented a strict editorial policy that focuses on accuracy, relevance, and impartiality to enhance the quality of information on its platform.

Mohamed Farouk4 hours ago

Stripe Reinforces Its Editorial Standards

Stripe has announced a strict editorial policy that focuses on accuracy, relevance, and impartiality in its reporting.

Aisha Farooq4 hours ago

Coinbase Adds Wormhole Token to Its Platform

Coinbase has added the Wormhole token to its platform, highlighting the importance of crosschain connectivity in the crypto market.

Tenzin Dorje4 hours ago

Bitcoin Staking Sparks Market Debate

The introduction of Bitcoin staking has divided opinions in the market, with some viewing it as a productive evolution while others see it as unnecessary complexity.