{"id":63488,"date":"2023-11-02T16:27:50","date_gmt":"2023-11-02T20:27:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=63488"},"modified":"2023-11-02T16:30:34","modified_gmt":"2023-11-02T20:30:34","slug":"proshares-launches-ether-futures-etf-for-crypto-bears","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/proshares-launches-ether-futures-etf-for-crypto-bears\/","title":{"rendered":"ProShares Launches Ether Futures ETF for Crypto Bears"},"content":{"rendered":"\n

ProShares is rolling out the first exchange-traded fund<\/a> (ETF) that allows investors to take a bearish view on ether.<\/p>\n\n\n\n

\"ProShares
ProShares Launches Ether Futures ETF for Crypto Bears<\/figcaption><\/figure>\n\n\n\n

The ProShares Short Ether Strategy is a new exchange-traded fund (ETF) introduced by ProShares. With the help of this ETF, investors can have a pessimistic view of ether, the second-largest cryptocurrency in the world. <\/p>\n\n\n\n

The ETF seeks to return 1% if the Standard & Poor's CME Ether Futures Index declines by 1%. Furthermore, the fund's strategy deviates from the token's spot price because it is linked to ether futures contracts.<\/p>\n\n\n\n

The cryptocurrency world is also awaiting the Securities and Exchange Commission<\/a> of the United States ruling regarding spot Bitcoin ETFs. But this isn't the business's first attempt to use ether ETFs. <\/p>\n\n\n\n

In the first part of October, ProShares introduced three of the nine new ether ETFs. Of them, the ProShares Ether Strategy ETF concentrates only on ether, whereas the other two provide combined exposure to bitcoin and ether.<\/p>\n\n\n\n

Interestingly, these ether ETFs have received little positive feedback. In its first few days of operation, the ProShares Bitcoin Strategy ETF amassed assets of over $1 billion, whilst the largest ether futures ETF only amassed less than $10 million. <\/p>\n\n\n\n

This substantial discrepancy in performance consequently causes the financial community to take notice. Michael Sapir, ProShares CEO\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, elucidated the rationale behind the inverse ether ETF. <\/p>\n\n\n\n

He mentioned that this innovative ETF aims \u201cto address the challenge of acquiring short exposure to ether,\u201d which is often cumbersome and costly. The ProShares Short Bitcoin Strategy is yet another achievement for ProShares. The assets of this fund are estimated to be $74 million. <\/p>\n\n\n\n

VanEck Updates Application Strategy for Bitcoin ETF<\/h2>\n\n\n\n

Roxana Islam of VettaFi emphasized ProShares' calculated action. She stressed that no new spot product will completely eclipse the inverse technique as a market niche. <\/p>\n\n\n\n

Notably, there is also a good deal of action going on in the BTC ETF space. Remarkably, one of the major participants in the bitcoin space, VanEck, updated its Bitcoin ETF application<\/a> to the SEC lately. This update explained the company's plans to use money from actual Bitcoin to support the BTC ETF.<\/p>\n","protected":false},"excerpt":{"rendered":"

ProShares is rolling out the first exchange-traded fund (ETF) that allows investors to take a bearish view on ether. The ProShares Short Ether Strategy is a new exchange-traded fund (ETF) introduced by ProShares. With the help of this ETF, investors can have a pessimistic view of ether, the second-largest cryptocurrency in the world. The ETF […]<\/p>\n","protected":false},"author":43,"featured_media":63491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[940,3936],"class_list":["post-63488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-etf","tag-proshares"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/croc_1698954693988.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=63488"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/63491"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=63488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=63488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=63488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}