Bethesda-based financial giant, ProShares, has once again taken a pioneering step in the crypto-linked ETF domain with the launch of the world’s first short ether-linked ETF, named ProShares Short Ether Strategy ETF (SETH), according to BusinessWire. This innovative ETF is engineered to give investors a lucrative avenue on days when Ether’s value descends. The announcement came on November 2, 2023, further solidifying ProShares’ standing as a trailblazer in the crypto-linked ETF landscape.
SETH is meticulously crafted to simplify the once arduous and costly task of acquiring short exposure to ether. ProShares CEO, Michael L. Sapir, elucidated that SETH is a beacon for investors aiming to gain on both the ups and downs of ether pricing, all within the familiar framework of a conventional brokerage account. This newly launched ETF not only broadens ProShares’ crypto-focused offerings but also addresses a market demand for…
