ProShares has launched three Ethereum futures ETFs and is now preparing to launch a new offering, the Short Ether Strategy ETF (SETH), which aims to mirror the inverse of the daily S&P CME Ether Futures Index performance. SETH will not engage in direct shorting of ether, but rather seeks to capitalize on potential declines in the asset's value. The fund is scheduled for listing on the NYSE Arca exchange in early November. ProShares' existing ether futures funds, including two that invest in both ether and bitcoin futures contracts, debuted on Oct. 2 alongside similar products by VanEck and Bitwise.
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