ProShares’ Short Ether Strategy ETF is set to begin trading in November after the approval of the first Ethereum futures ETFs. The ETF, which will be listed on the NYSE Arca exchange, aims to mirror the inverse performance of the daily S&P CME Ether Futures Index. It does not directly short Ether but instead looks to capitalize on price dips. The registration statement for the ETF is expected to become effective on October 15, with plans to introduce the fund in early November. This comes after ProShares launched three other Ether futures ETFs earlier this month. The approval of Ether futures ETFs by the U.S. Securities and Exchange Commission follows the introduction of Bitcoin futures ETFs two years ago. ProShares has already released Bitcoin futures ETFs, with the ProShares Bitcoin Strategy ETF accumulating around $850 million in assets.
