Since the spot Bitcoin ETF began trading in the United States on January 11, trading volume of the Bitcoin futures ETF ProShares Bitcoin Strategy ETF (BITO) has significantly decreased. According to data tracked by cryptocurrency exchange Coinbase, on Thursday, BITO stocks worth slightly over $500 million changed hands on the New York Stock Exchange, a 75% drop from the record of $2 billion set on January 11. According to data from ETF.com, BITO had a net outflow of over $270 million during the same period. Meanwhile, according to Coinbase data, 11 spot ETFs had a cumulative trading volume of $14 billion in the first week, exceeding all other ETFs launched in 2023. These funds have raised over $1.2 billion in investor funds within a week of their establishment.

According to Nasdaq data, ProShares' Bitcoin Strategy ETF (BITO) traded 36.92 million shares, about four times the average daily trading volume. In addition, ProShares' Short Bitcoin Strategy ETF (BITI) also reached a trading volume of 4.373 million shares, the highest level since August 29th.

According to Nasdaq data, as of 2:30 pm Eastern Time, the ProShares Bitcoin Strategy ETF (BITO) traded 32.5 million shares, approximately four times the average daily trading volume. Today's trading volume is expected to exceed the 33.5 million shares traded on October 16. On that day, after media erroneously reported that the SEC had approved BlackRock's bitcoin ETF, bitcoin quickly jumped from around $28,000 to $30,000. As of 2:30 pm Eastern Time, the 2x Bitcoin Strategy ETF (BITX) from Volatility Shares had traded over 800,000 shares.

ETF provider ProShares announced that Steve Vanourny has joined the company as Managing Director and Head of Corporate Development, Strategy and Planning.

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.

Bloomberg analyst James Seyffart stated on X platform that ProShares will launch an Ethereum futures ETF for short selling next week. Trading will begin on October 16th, Eastern Time, with the stock code SETHH.