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 been provided with alternatives tied to futures contracts.

The ProShares Short Ether Strategy ETF joins these ranks, differentiating itself by focu

Go to Source to See Full Article
Author: Samuel Edyme

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details