Bitcoin ETF

ProShares launches short Ether ETF

Posted on

Maryland-based fund manager ProShares announced the launch of a short Ether-linked exchange-traded fund on Thursday.

See related article: SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments

Fast Facts

  • The new ETF will allow investors to profit from Ether’s price drops.
  • ProShares launched a Bitcoin-linked short ETF in the U.S. in June 2022.
  • The firm also launched one of the first Bitcoin-linked ETFs in the U.S., the Bitcoin Strategy ETF (BITO) in October 2021.
  • Ether fell 0.26% in the hour after the announcement, to US$1,831 as of 9:30 p.m. in Hong Kong, according to CoinMarketCap.

See related article: SBF examined over “cozy relationship” with Bahamian government in fraud trail

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *