Ethereum
ProShares Launches First US -2x Ethereum ETF
ProShares has launched two new Ethereum ETFs for investors who want additional exposure to Ethereum’s gains and losses.
The company released both the ProShares Ultra Ether ETF (ETHT) and the ProShares UltraShort Ether ETF (ETHD) Friday. ETHT will earn buyers 2x the price of Ethereum, while ETHD will give them exposure to -2x Ethereum returns.
Other companies have offered 2x ether ETFs, but this is the first -2x ether ETF offering in the United States, the company said.