ProShares launches short Ether ETF
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Maryland-based fund manager ProShares announced the launch of a short Ether-linked exchange-traded fund on Thursday.
See related article: SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments
Fast Facts
- ProShares Short Ether Strategy ETF (SETH) will start trading on the New York Stock Exchange ARCA under the ticker symbol SETH.
- The new ETF will allow investors to profit from Ether’s price drops.
- ProShares launched a Bitcoin-linked short ETF in the U.S. in June 2022.
- The firm also launched one of the first Bitcoin-linked ETFs in the U.S., the Bitcoin Strategy ETF (BITO) in October 2021.
- Ether fell 0.26% in the hour after the announcement, to US$1,831 as of 9:30 p.m. in Hong Kong, according to CoinMarketCap.
See related article: SBF examined over “cozy relationship” with Bahamian government in fraud trail
In This News
Coins
$ 89.64K
-2.71%
$ 0.00298
$ 0.000603
$ 0.00...315
$ 25.52
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In This News
Coins
$ 89.64K
-2.71%$ 0.00298
$ 0.000603
$ 0.00...315
$ 25.52
Share:
Read More
$2.5B In Crypto ETF Outflows “Misleading”? What You Need To Know
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ProShares launches short Ether ETF
Share:
Maryland-based fund manager ProShares announced the launch of a short Ether-linked exchange-traded fund on Thursday.
See related article: SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments
Fast Facts
- ProShares Short Ether Strategy ETF (SETH) will start trading on the New York Stock Exchange ARCA under the ticker symbol SETH.
- The new ETF will allow investors to profit from Ether’s price drops.
- ProShares launched a Bitcoin-linked short ETF in the U.S. in June 2022.
- The firm also launched one of the first Bitcoin-linked ETFs in the U.S., the Bitcoin Strategy ETF (BITO) in October 2021.
- Ether fell 0.26% in the hour after the announcement, to US$1,831 as of 9:30 p.m. in Hong Kong, according to CoinMarketCap.
See related article: SBF examined over “cozy relationship” with Bahamian government in fraud trail
In This News
Coins
$ 89.64K
-2.71%$ 0.00298
$ 0.000603
$ 0.00...315
$ 25.52
Share:
In This News
Coins
$ 89.64K
-2.71%$ 0.00298
$ 0.000603
$ 0.00...315
$ 25.52
Share:
Read More
$2.5B In Crypto ETF Outflows “Misleading”? What You Need To Know