Ethereum

Bitcoin

Read

James

<div class="cryptonews">
 <p class="is-style-lead">ETF Research Analyst for Bloomberg Intelligence James Seyffart reported that ProShares has announced the <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of a new <a rel="noopener noreferrer nofollow" title="short" href="https://thebittimes.com/tag/short.html">short</a> Ethereum Futures ETF.</p>
 <p>According to the Oct. 13 post, trading is scheduled to kick off in 3 days on Oct. 16th under the ticker $SETH.</p>
 <h2 class="wp-block-heading" id="an-answer-to-an-august-filing">An answer to an August filing</h2>
 <p>While the SEC fast-tracked approval for all the long and traditional Ethereum <a rel="noopener noreferrer nofollow" title="futures" href="https://thebittimes.com/tag/futures.html">futures</a> ETFs, this particular one is proceeding on its originally scheduled effective date. It’s essential to note that this development isn’t a sudden surprise; the ETF had been filed alongside others in August.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">UPDATE: ProShares will be <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ing a <a rel="noopener noreferrer nofollow" title="short" href="https://thebittimes.com/tag/short.html">short</a> #Ethereum Futures ETF. Looks like it should begin trading on October 16th (This coming Monday).<br>Ticker is $SETH <br>h/t @NateGeraci pic.twitter.com/RdhtRtXWSY</p>— James Seyffart (@JSeyff) October 13, 2023
   </blockquote>
  </div>
 </figure>
 <p>As part of the thread, a member of the community asked about the chances of seeing an Ethereum ETF getting approved by Q1 2024, to which Seyffart replied Q2 2024 would be&nbsp;his guess&nbsp;at the time.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> ProShares becomes 11th company to file for Ethereum ETF in a week
 </div>
 <h2 class="wp-block-heading" id="an-influx-of-etf-applications">An influx of ETF applications</h2>
 <p>On Aug. 4 of this year, Proshares became the&nbsp;11th company&nbsp;to file for an Ethereum ETF throughout the week, becoming part of an influx of 11 Ethereum-related ETF applications centering around futures ETFs.&nbsp;</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
  <div class="wp-block-embed__wrapper">
   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/7Z4yG2PdNGM" data-id="7Z4yG2PdNGM" data-query="feature=oembed"></div>
   <noscript><iframe title="Ether futures ETFs hit the market" width="1020" height="574" src="https://www.youtube.com/embed/7Z4yG2PdNGM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
   </noscript>
  </div>
 </figure>
 <p>The surge in applications for Ethereum-based ETFs commenced when Volatility Shares initiated the trend with its filing for the Volatility Shares Ether Strategy ETF on July 28. Subsequently, industry leaders such as Bitwise Asset Management, Roundhill Financial, Van Eck, ProShares and Grayscale Investments swiftly joined the competition by submitting their respective Ethereum futures applications on Aug. 1.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> ProShares Bitcoin Futures ETF to Start Trading on Tuesday on NYSE
 </div>
 <p></p> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/proshares-unveils-ethereum-short-futures-etf-launch-tbt66309.html">https://thebittimes.com/proshares-unveils-ethereum-short-futures-etf-launch-tbt66309.html</a></p>

ProShares unveils Ethereum short futures ETF launch

Table of Contents

TheBitTimes

Other articles published on Oct 13, 2023

Famous Market Maker Carried This Altcoin to the Stock Exchanges! Price Increased by 32 Percent!

Secret recording of all-hands Alameda meeting played in court leaks online

LOOM Explodes 500%, Reaching Highest Market Cap in 5 Years – But There’s a Big Catch

Kadena (KDA) Price Prediction 2024, 2025, 2030, 2040, and 2050

French regulator calls out DeFi centralization as AWS gains 6% in ETH node market share

Flare All Set To Burn 2.1 Billion FLR Tokens To Boost Ecosystem Health

Join our free newsletter for daily crypto updates!