Inverse Ethereum Futures ETF Could Awaken Bearish Investors
Portfolio Pulse from Khyathi Dalal
ProShares is launching the ProShares Short Ether Strategy (SETH), an ETF that delivers the inverse of the daily performance of the Standard & Poor's CME Ether Futures Index. The ETF is designed to appeal to bearish investors and is tied to futures contracts on Ethereum. The ETF will trade on the NYSE's Arca. ProShares has previously launched three Ethereum ETFs, including the ProShares Ether Strategy ETF (EETH), which averaged around 8,660 shares daily in its first month.
November 02, 2023 | 10:01 pm
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NEUTRAL IMPACT
The ProShares Bitcoin Strategy ETF (BITO) has previously gathered assets worth around $1 billion. The launch of the new Ethereum ETF could potentially impact BITO as investors may choose to diversify their investments.
The launch of the new Ethereum ETF could potentially impact BITO as investors may choose to diversify their investments. However, the extent of this impact is uncertain.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The ProShares Ether Strategy ETF (EETH) averaged around 8,660 shares daily in its first month. The launch of the new Ethereum ETF could potentially impact EETH as investors may choose to diversify their investments.
The launch of the new Ethereum ETF could potentially impact EETH as investors may choose to diversify their investments. However, the extent of this impact is uncertain.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 75
NEUTRAL IMPACT
The new ProShares Short Ether Strategy (SETH) is tied to futures contracts on Ethereum. This could potentially impact the price of Ethereum (ETHUSD) as it may influence investor sentiment.
The new ProShares Short Ether Strategy (SETH) is tied to futures contracts on Ethereum. This could potentially impact the price of Ethereum (ETHUSD) as it may influence investor sentiment. However, the extent of this impact is uncertain.
CONFIDENCE 75
IMPORTANCE 100
RELEVANCE 100