Just In: ProShares to Debut ETF Targeting Ether Futures Downturn

ProShares recently announced its new exchange-traded fund (ETF), the ProShares Short Ether Strategy. This ETF allows investors to adopt a bearish perspective on ether, the second-largest cryptocurrency globally. If the Standard & Poor’s CME Ether Futures Index drops by 1%, the ETF aims to return an equivalent of 1%. Moreover, the fund’s approach is tied to futures contracts on ether, diverging from the spot price of the token.