Ethereum

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<ul>
 <li>ProShares announced the launch of the ProShares Short Ether Strategy ETF (SETH), the world’s first short Ethereum-linked ETF.</li>
 <li>In 2021, ProShares launched BITO, the first US bitcoin-linked ETF, which has become the largest cryptocurrency-linked ETF in the world.</li>
 <li>Listed on the New York Stock Exchange, SETH has a design that aims to achieve the inverse of the daily performance of the S&amp;P CME Ether Futures Index.</li>
</ul>
<p><strong>In its latest announcement, asset management firm ProShares announced that it will launch the short-linked Ethereum Futures ETF: All the details!</strong></p>
<h2 id="strong-proshares-launches-short-ethereum-etf-strong"><strong>ProShares Launches Short Ethereum ETF</strong></h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-126575" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Ethereum-ETH" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Ethereum-ETH-4.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>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.</p>
<p>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:</p>
<blockquote>
 <p>‘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.’</p>
</blockquote>
<p>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.</p>
<p>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.</p>
<h2 id="strong-seth-is-listed-on-the-new-york-stock-exchange-strong"><strong>SETH is listed on the New York Stock Exchange</strong></h2>
<p>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&amp;P CME Ether Futures Index. Like other ProShares crypto-linked ETFs, SETH seeks to establish positions through Ether futures contracts.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/proshares-launches-short-ethereum-futures-etf-details-on-seth-etf/">ProShares Launches Short Ethereum Futures ETF: Details on SETH ETF!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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ProShares Launches Short Ethereum Futures ETF: Details on SETH ETF!

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