Posted 11/2/2023, 2:19:00 PM
ProShares Launches Inverse Ether ETF to Bet Against Crypto
- ProShares launches new ETF that allows investors to take a bearish view on ether, the second-largest cryptocurrency
- The ETF aims to deliver the inverse daily performance of an ether futures index
- It is tied to futures contracts on ether rather than the spot price
- The new ETF comes after ProShares launched the first ether futures ETFs in October
- ProShares also offers an inverse bitcoin ETF that has about $74 million in assets