spot_imgspot_imgspot_img

ProShares Launches Short Ethereum Futures ETF: Details on SETH ETF!

- Advertisement -spot_img
  • ProShares announced the launch of the ProShares Short Ether Strategy ETF (SETH), the world’s first short Ethereum-linked ETF.
  • In 2021, ProShares launched BITO, the first US bitcoin-linked ETF, which has become the largest cryptocurrency-linked ETF in the world.
  • Listed on the New York Stock Exchange, SETH has a design that aims to achieve the inverse of the daily performance of the S&P CME Ether Futures Index.

In its latest announcement, asset management firm ProShares announced that it will launch the short-linked Ethereum Futures ETF: All the details!

ProShares Launches Short Ethereum ETF

Ethereum-ETH

ProShares has announced the launch of the world’s first short Ethereum-linked ETF, the ProShares Short Ether Strategy ETF (SETH). SETH offers an opportunity to profit from declines in Ethereum prices.

ProShares CEO Michael L. Sapir said, ‘SETH is designed to address the challenge that taking a short position in Ethereum can be difficult and expensive,’ adding:

‘With today’s launch of SETH, ProShares is offering investors the opportunity to profit when ether rises and falls, all through a traditional brokerage account.’

SETH joins ProShares’ comprehensive crypto-linked ETF series. In 2021, ProShares launched the first U.S. Bitcoin-linked ETF, BITO, which has become the world’s largest cryptocurrency-linked ETF.

Following that, ProShares introduced the first U.S. short Bitcoin-linked ETF, BITI, as well as the first U.S. ETF targeting Ethereum’s performance, EETH. They also launched two ETFs, BETH and BETE, targeting the mixed performance of Bitcoin and Ethereum, offering market-weighted and equally weighted positions, respectively.

SETH is listed on the New York Stock Exchange

SETH is listed on the New York Stock Exchange and has a design that aims to achieve the opposite of the daily performance of the S&P CME Ether Futures Index. Like other ProShares crypto-linked ETFs, SETH seeks to establish positions through Ether futures contracts.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Dollar Rebounds as Bitcoin Surges Past $42,000 Amid Rate Cut Speculations!

Amid fluctuating market sentiments and regulatory expectations, the U.S. dollar regains strength while Bitcoin breaches the $42,000 mark, reflecting shifting dynamics in global financial markets.

Solana’s TVL Surges to $600M: A Catalyst for SOL’s Price Movement!

Amidst a transformative wave in decentralized finance, Solana's TVL balloons to over $600 million, raising questions about its impact on the price of SOL and the broader DeFi landscape.

December 4th Current Bitcoin Price Forecast: Technical Indicators and On-Chain Data!

Bitcoin's price reached $42,000: Will the price of Bitcoin reach $50,000 in December?

Stocks in US Markets Gain Strength from Bitcoin: How Much Did Each Stock Rise?

Crypto stocks and Bitcoin ETFs gained momentum, drawing strength from the rapid rise in Bitcoin's price: Which stocks and ETFs gained?

Former SEC Official Comments on Recent Bitcoin Price Surge

While former SEC Internet Enforcement Office Chief, John Reed Stark, criticizes the recent rally in Bitcoin's price, maximalists remain steadfast!
spot_imgspot_imgspot_imgspot_img

PRO Analysis

WOO Coin Whales Await Critical Zone for Spot Buying! Current WOO Analysis

WOO coin has the potential for an upward movement as long as it stays above $0.2096. However, the long-term spot buying zone in the range of $0.1905 to $0.1848 stands out as a critical support. Investors should carefully monitor these levels to determine their strategies.

Bitcoin Could Extend Its Decline to Critical Support! Updated BTC Analysis

Bitcoin is approaching the $36,700 support zone. A decline may be expected below $35,500, while an upward movement can be anticipated above $36,600. However, if the $37,700 resistance is not overcome, the downward trend may persist. Investors should closely monitor the specified levels.

AGIX Coin Investors: What Level Should They Await for Spot Investments? Updated AGIX Analysis

AGIX may initiate an uptrend by surpassing the daily resistance level. However, in the event of a decline, the designated support zone can be a significant buying point. Investors should carefully monitor the stop zone.

Is ARB Coin in a Suitable Zone for Spot Investments? Updated ARB Analysis

ARB is showing an upward movement with a buying response from support levels. The specified support range is crucial in the event of a decline for long-term investments. However, the downtrend may persist unless there is a closing above $1.20.

OCEAN Whales Await This Critical Level for Long-Term Purchases! Updated OCEAN Analysis

Ocean coin may sustain its upward trend with daily closes above the $0.4477 resistance. The range of $0.3356 - $0.3121 stands out as a buying zone for long-term investors.
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

Dollar Rebounds as Bitcoin Surges Past $42,000 Amid Rate Cut Speculations!

Amid fluctuating market sentiments and regulatory expectations, the U.S. dollar regains strength while Bitcoin breaches the $42,000 mark, reflecting shifting dynamics in global financial markets.

Solana’s TVL Surges to $600M: A Catalyst for SOL’s Price Movement!

Amidst a transformative wave in decentralized finance, Solana's TVL balloons to over $600 million, raising questions about its impact on the price of SOL and the broader DeFi landscape.

December 4th Current Bitcoin Price Forecast: Technical Indicators and On-Chain Data!

Bitcoin's price reached $42,000: Will the price of Bitcoin reach $50,000 in December?

LEAVE A REPLY

Please enter your comment!
Please enter your name here