{"id":558966,"date":"2023-11-03T09:15:48","date_gmt":"2023-11-03T09:15:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=558966"},"modified":"2023-11-03T11:19:33","modified_gmt":"2023-11-03T11:19:33","slug":"proshares-short-ethereum-etf","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/proshares-short-ethereum-etf\/","title":{"rendered":"ProShares Goes Short On Ethereum With New ETF Launch"},"content":{"rendered":"

ProShares<\/span><\/a>, one of the biggest issuers of exchange-traded funds (ETFs), has added another <\/span>Ethereum-related ETF<\/span><\/a> to its growing offerings following the launch of the \u201cworld\u2019s first Short Ether-Linked ETF\u201d on November 2.\u00a0<\/span><\/p>\n

ProShares Short Ethereum Strategy ETF<\/h2>\n

In its <\/span>announcement<\/span><\/a>, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker \u2018SETH\u2019 will provide an avenue for investors to profit from declines in the price of the <\/span>second largest cryptocurrency, Ether<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Whales Are Moving SHIB Again, Bearish Or Bullish?<\/a><\/div>\n

With the <\/span>launch<\/span><\/a> of this Ethereum investment vehicle, the company believes that its clients have an opportunity to \u201cprofit both on days when Ether increases and when it drops.\u201d It is worth mentioning that the asset manager was one of those who recently <\/span>launched their Ethereum futures ETF<\/span><\/a>, offering investors the chance to bet on the prices of the crypto token.<\/span><\/p>\n

The Asset manager mentioned that the Short Ether Strategy ETF will be listed on the New York Stock Exchange and will deliver the opposite of the daily performance of the S&P CME Ether Futures Index. As to exposure, SETH, like other ProShares crypto-related ETFs, will gain exposure through <\/span>Ether futures contracts<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH price falls below $1,800 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
How ProShares Has Blazed The Trail So Far<\/h2>\n
ProShares is no newcomer when it comes to offering crypto-related ETFs and can even be said to be a trailblazer in that regard. The firm was the <\/span>first to launch a Bitcoin futures ETF<\/span><\/a> and the first US Bitcoin-linked ETF (ProShares Bitcoin Strategy ETF) back in 2021.\u00a0<\/span><\/p>\n
It also launched the <\/span>first US short Bitcoin-Linked ETF<\/span><\/a> (ProShares Short Bitcoin Strategy ETF) in June 2022. Similar to the SETH, the Short Bitcoin Strategy provides investors an avenue to make profits off <\/span>declines in the price<\/span><\/a> of the flagship cryptocurrency, Bitcoin.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin Cash Rally Threatened As Exchange Drops BCH Following XRP Listing Rumors<\/a><\/div>\n
ProShares has also enjoyed immense success in its ventures thanks in a big way to the first-mover advantage by being the first to launch funds. The ProShares Bitcoin Strategy ETF (BITO) and the ProShares Short Bitcoin Strategy ETF (BITI) are <\/span>reported<\/span><\/a> to be the two largest Bitcoin ETFs with $1.1 billion and $80 million assets under management (AuM) respectively.\u00a0<\/span><\/p>\n
Other crypto-linked ETFs offered by the firm include ProShares Ether Strategy ETF (EETH), which is said to be \u201cthe first US ETF that targets the performance of Ether,\u201d and the Bitcoin & Ether Market Cap Weight Strategy ETF and Bitcoin & Ether Equal Weight Strategy ETF which tracks both the performance of <\/span>Bitcoin and Ether<\/span><\/a>.\u00a0<\/span><\/p>\n
Considering how bullish the firm seems to be on crypto-related ETFs, it is surprising that it isn\u2019t part of the asset managers that have filed to offer a <\/span>Spot Bitcoin ETF<\/span><\/a>.\u00a0<\/span><\/p>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the \u201cworld\u2019s first Short Ether-Linked ETF\u201d on November 2.\u00a0 ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker \u2018SETH\u2019 will provide an avenue for investors to profit from declines in the price of the second largest cryptocurrency, Ether.\u00a0 Related Reading: Shiba Inu Whales Are Moving SHIB Again, Bearish Or Bullish? With the launch of this Ethereum investment vehicle, the company believes that its clients have an opportunity to \u201cprofit both on days when Ether increases and when it drops.\u201d It is worth mentioning that the asset manager was one of those who recently launched their Ethereum futures ETF, offering investors the chance to bet on the prices of the crypto token. The Asset manager mentioned that the Short Ether Strategy ETF will be listed on the New York Stock Exchange and will deliver the opposite of the daily performance of the S&P CME Ether Futures Index. As to exposure, SETH, like other ProShares crypto-related ETFs, will gain exposure through Ether futures contracts.\u00a0 ETH price falls below $1,800 | Source: ETHUSD on Tradingview.com How ProShares Has Blazed The Trail So Far ProShares is no newcomer when it comes to offering crypto-related ETFs and can even be said to be a trailblazer in that regard. The firm was the first to launch a Bitcoin futures ETF and the first US Bitcoin-linked ETF (ProShares Bitcoin Strategy ETF) back in 2021.\u00a0 It also launched the first US short Bitcoin-Linked ETF (ProShares Short Bitcoin Strategy ETF) in June 2022. Similar to the SETH, the Short Bitcoin Strategy provides investors an avenue to make profits off declines in the price of the flagship cryptocurrency, Bitcoin.\u00a0 Related Reading: Bitcoin Cash Rally Threatened As Exchange Drops BCH Following XRP Listing Rumors ProShares has also enjoyed immense success in its ventures thanks in a big way to the first-mover advantage by being the first to launch funds. The ProShares Bitcoin Strategy ETF (BITO) and the ProShares Short Bitcoin Strategy ETF (BITI) are reported to be the two largest Bitcoin ETFs with $1.1 billion and $80 million assets under management (AuM) respectively.\u00a0 Other crypto-linked ETFs offered by the firm include ProShares Ether Strategy ETF (EETH), which is said to be \u201cthe first US ETF that targets the performance of Ether,\u201d and the Bitcoin & Ether Market Cap Weight Strategy ETF and Bitcoin & Ether Equal Weight Strategy ETF which tracks both the performance of Bitcoin and Ether.\u00a0 Considering how bullish the firm seems to be on crypto-related ETFs, it is surprising that it isn\u2019t part of the asset managers that have filed to offer a Spot Bitcoin ETF.\u00a0 Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":558972,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1944,89193,8323,89213,16163,1946,7931,8686,78803],"class_list":["post-558966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-etf","tag-etf-news","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nProShares Goes Short On Ethereum With New ETF Launch<\/title>\n<meta name=\"description\" content=\"ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another crypto-related ETF to its growing offerings.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ProShares Goes Short On Ethereum With New ETF Launch","url":"http:\/\/uniquehot.com\/news\/ethereum\/proshares-short-ethereum-etf\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/proshares-short-ethereum-etf\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/iStock-1414797199-Small.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/iStock-1414797199-Small.jpeg?fit=320%2C213"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["etf","etf news","eth","eth news","eth price","ethereum","ethereum news","ethusd","ethusdt"],"dateCreated":"2023-11-03T09:15:48Z","datePublished":"2023-11-03T09:15:48Z","dateModified":"2023-11-03T11:19:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ProShares Goes Short On Ethereum With New ETF Launch\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/proshares-short-ethereum-etf\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/proshares-short-ethereum-etf\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1414797199-Small.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/iStock-1414797199-Small.jpeg?fit=320%2C213\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"etf\",\"etf news\",\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-11-03T09:15:48Z\",\"datePublished\":\"2023-11-03T09:15:48Z\",\"dateModified\":\"2023-11-03T11:19:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/iStock-1414797199-Small.jpeg?fit=320%2C213","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=558966"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/558966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/558972"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=558966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=558966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=558966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}