- ProShares launched the first short ether ETF, SETH, allowing investors to potentially profit when ether prices fall.
- SETH seeks -1x daily inverse returns compared to an ether futures index, aiming to gain when ether drops day-to-day.
- Crypto ETFs like SETH carry risks including volatility, illiquidity, and may not achieve stated goals; bitcoin and ether are still largely unregulated.
ProShares, a leader in crypto-linked ETFs, has launched the first ETF providing short exposure to ether. The ProShares Short Ether Strategy ETF (SETH) allows investors to profit when ether prices fall.
Introducing SETH, the First Short Ether ETF
ProShares launched SETH, the world’s first short ether-linked ETF. SETH offers a new way for investors to potentially profit from ether price declines.
How SETH Provides Short Ether Exposure
SETH seeks inverse, -1x daily returns compared to an ether futures index. It aims to gain when ether drops day-to-day. Holding periods over a day can vary returns.
SETH Complements ProShares’ Crypto ETF Lineup
ProShares offers long and short bitcoin ETFs and a long ether ETF. SETH expands its lineup with short ether exposure. The firm manages over $60 billion in ETF assets.
Investing in Crypto ETFs Involves Risks
Crypto ETFs have risks like volatility and lack of liquidity. Bitcoin and ether remain largely unregulated. ETFs may not achieve stated goals. Read prospectuses carefully before investing.