ProShares to debut short Ether ETF in november

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Binance Alpha to Add NIGHT Token on December 9

Binance Alpha will add the NIGHT token on December 9, providing traders with opportunities to discover early-stage digital assets.

Nguyen Van Long7 minutes ago

Zora Boosts Trading Liquidity with $11 Million Addition

Zora adds $11 million in liquidity to its USDC pool on Uniswap v3 to improve trading conditions.

Satoshi Nakamura13 minutes ago

Plume Launches Nest Points Program to Reward Users

Plume has launched the Nest Points Program to reward users for holding and utilizing Nest vault tokens, enhancing user engagement.

Lucas Weissmann13 minutes ago

Plume Partners with Securitize to Expand Access to Regulated Assets

Plume has partnered with Securitize to integrate regulated institutional assets into its Nest protocol, enhancing access to tokenized funds for major asset managers.