NYX:SETH

ProShares Launches ETFs Targeting 2x and -2x Daily Ether Returns

Retrieved on: 
Friday, June 7, 2024
Banking, Professional Services, Finance, Ether, Risk, ETF, ProShares, ETHT, Cryptocurrency

ProShares, a premier provider of ETFs, has expanded its product lineup with today’s launch of two pioneering ether-linked ETFs.

Key Points: 
  • ProShares, a premier provider of ETFs, has expanded its product lineup with today’s launch of two pioneering ether-linked ETFs.
  • The ProShares Ultra Ether ETF (ETHT) targets 2x daily ether returns, while the ProShares UltraShort Ether ETF (ETHD) is the first U.S.-listed product to target -2x daily ether returns.
  • These products join ProShares’ expansive lineup of crypto-linked ETFs, which is the largest in the U.S. by number of listings.
  • “ETHT offers investors the opportunity to pursue magnified ether returns or target a level of exposure with less money at risk.

ProShares to Launch ETFs Targeting 2x and -2x Daily Ether Returns

Retrieved on: 
Tuesday, June 4, 2024
Professional Services, Blockchain, Technology, Cryptocurrency, Finance, Banking, Digital Cash Management, Digital Assets, ETHT, Ether, ProShares, Sale, ETF, Security (finance), Risk

ProShares, a premier provider of ETFs, announced today the upcoming launch of two pioneering ether-linked ETFs.

Key Points: 
  • ProShares, a premier provider of ETFs, announced today the upcoming launch of two pioneering ether-linked ETFs.
  • The ProShares Ultra Ether ETF (ETHT) will target 2x daily ether returns, while the ProShares UltraShort Ether ETF (ETHD) will be the first U.S.-listed product to target -2x daily ether returns.
  • These new ETFs are designed to address the challenge of acquiring leveraged or short exposure to ether, which can be onerous and expensive,” said ProShares CEO Michael L. Sapir.
  • “ETHT offers investors the opportunity to pursue magnified ether returns or target a level of exposure with less money at risk.

ProShares Launches First ETF to Target 2x Daily Bitcoin Returns

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Finance, Bitcoin, Ether, ETF, Risk, ProShares, Cryptocurrency

Today, ProShares, a premier provider of ETFs, is launching ProShares Ultra Bitcoin ETF (BITU), the first ETF to target 2x daily bitcoin returns.

Key Points: 
  • Today, ProShares, a premier provider of ETFs, is launching ProShares Ultra Bitcoin ETF (BITU), the first ETF to target 2x daily bitcoin returns.
  • At the same time, ProShares is also launching ProShares UltraShort Bitcoin ETF (SBIT), the first ETF to target -2x daily bitcoin returns.
  • “BITU offers investors the opportunity to pursue magnified bitcoin returns or target a level of exposure with less money at risk.
  • ProShares is also a leader in crypto-linked ETFs, having launched the first U.S. bitcoin-linked ETF (BITO) in October 2021.

ProShares Launches World’s First Short Ether-Linked ETF

Retrieved on: 
Thursday, November 2, 2023
Banking, Cryptocurrency, Professional Services, Finance, ETF, Ether, ProShares

ProShares, the global leader in crypto-linked ETFs, announced today the launch of ProShares Short Ether Strategy ETF (SETH), the world’s first short ether-linked ETF.

Key Points: 
  • ProShares, the global leader in crypto-linked ETFs, announced today the launch of ProShares Short Ether Strategy ETF (SETH), the world’s first short ether-linked ETF.
  • “SETH is designed to address the challenge of acquiring short exposure to ether, which can be onerous and expensive,” said ProShares CEO Michael L. Sapir.
  • In 2021, ProShares launched BITO, the first U.S. bitcoin-linked ETF, which has become the largest crypto-linked ETF in the world.
  • Subsequently, ProShares launched BITI, the first U.S. short bitcoin-linked ETF; EETH, the first U.S. ETF that targets the performance of ether; and two ETFs that target the blended performance of bitcoin and ether, BETH and BETE, which provide market cap-weighted and equal-weighted exposure, respectively.