ProShares Launches Short Ether Strategy ETF to Profit from Ethereum Price Declines
ProShares, a U.S.-based issuer of exchange-traded funds, has announced the launch of ProShares Short Ether Strategy ETF (SETH), allowing investors to profit from declines in the price of Ethereum (ETH). SETH will trade on the New York Stock Exchange’s Arca and aims to deliver the inverse performance of its underlying benchmark, the Standard & Poor’s CME Ether Futures Index.
The product’s summary prospectus warns that investors will lose money when the Index rises, making it an aggressive investment technique. It also highlights that an investment in SETH may not be suitable for all investors as there is a risk of losing the entire investment if the Index approaches a 100% increase at any point in the day.
Ethereum is currently trading at $1,816, up 1.5% over the day.
ProShares’ Crypto-Linked ETFs
SETH joins ProShares’ lineup of other crypto-linked ETFs, including ProShares Bitcoin Strategy ETF (BITO), ProShares Ether Strategy ETF (EETH), and BETH and BETE, which provide exposure to Bitcoin and Ethereum with different weightings.
An ETF provides indirect exposure to an underlying asset and can be beneficial for investors looking to access commodities or cryptocurrencies. ProShares claims that its crypto-linked ETFs offer advantages such as regulated exchange trading, transparent pricing and liquidity, and compliance with traditional ETF regulations.
Hot Take: ProShares Expands Crypto-Linked ETF Offerings with Short Ether Strategy ETF
ProShares has launched the ProShares Short Ether Strategy ETF (SETH) to enable investors to profit from Ethereum price declines. This new addition joins ProShares’ existing lineup of crypto-linked ETFs, offering investors alternative ways to gain exposure to the crypto market. SETH aims to provide the inverse performance of the Standard & Poor’s CME Ether Futures Index, but investors should be aware that losses can occur when the index rises. While SETH provides an aggressive investment technique, it may not be suitable for all investors due to the risk of losing the entire investment if the index increases by 100%. ProShares’ crypto-linked ETFs offer advantages such as regulated exchange trading and transparent pricing, providing investors with a regulated and accessible entry point into the crypto market.
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