ProShares Launches New Inverse Ether ETF Amid Growing Crypto Futures Market

ProShares' new Short Ether Strategy ETF (SETH) aims to provide inverse daily returns to the S&P CME Ether Futures Index.

SETH will start trading in November on the NYSE Arca exchange.

SETH comes after ProShares' launch of 3 Ether futures ETFs and 2 Bitcoin futures ETFs.

U.S. regulators approved Ether futures ETFs nearly 2 years after the first Bitcoin futures ETF.

ProShares' Bitcoin Strategy ETF has attracted $850 million in assets since launching in 2021.