ProShares launches short Ethereum ETF

Fund management company Professional stocks The Maryland-based company announced Thursday the launch of a short-term ETF tied to ethereum.

ProShares Short Ether Strategy ETF (SETH) Will begin trading on the New York Stock Exchange ARCA under the symbol SETH.

This new ETF will allow investors to profit from a drop in the price of Ethereum.

Professional stocks Already on stage ETFs affiliated with the following institutions Bitcoin June 2022 in the United States.

The company also launched one of the first Bitcoin-related ETFs in the United States in October 2021, the Bitcoin Strategy ETF (BITO).

According to data, after the news was released, Ethereum fell 0.26% in an hour to $1,831 as of 9:30 pm in Hong Kong. coin market cap.