ProShares has earlier today announced the launch of an exchange-traded fund (ETF) tailored for investors looking to bet against Ethereum, the world’s second-largest crypto by market capitalization.
The ProShares Short Ether Strategy ETF is a financial instrument that aims to provide returns that inversely correspond to the daily performance of its underlying index, the Standard & Poor’s CME Ether Futures Index.
This ETF by ProShares is structured to increase in value when the price of Ethereum decreases, offering a strategic tool for investors who hold a bearish outlook on the future of this particular digital asset.
According to the announcement, this is the first of its kind for Ethereum, giving investors a new way to engage with the volatile crypto market without directly shorting the asset.
Navigating The Ethereum Market With Futures-Based ETFs
While investors are keenly awaiting the US Securities and Exchange Commission’s approval for spot crypto ETFs, the market has b
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