ProShares, the issuer of the fund exchange-traded funds (ETF) has announcedLaunch of Short Ether-linked ETF on November 2nd
ProShares’ new Short Ether Strategy ETF is scheduled to begin trading on the New York Stock Exchange’s Arca. It is under the symbol SETH and is designed to provide investors with the opportunity to profit from Ether’s fluctuations.
According to ProShares CEO Michael Sapir, SETH aims to address the challenge of shorting ETH “which can be difficult and expensive.”
“With today’s launch of SETH, ProShares offers investors the opportunity to profit both when Ether rises and when it falls. All through the convenience of a traditional brokerage,” said the CEO.
ProShares’ other cryptocurrency ETFs include ProShares Ether Strategy ETF, Bitcoin and Ether Market Cap Weight Strategy ETF, and Bitcoin & Ether Equal Weight Strategy ETF.
refer : cointelegraph.com
picture etftrends.com
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