Maryland-based fund manager ProShares announced the launch of a short Ether-linked exchange-traded fund on Thursday.
See related article: SBF trial enters final stage; Bankman-Fried lied about spending customer funds, prosecutors say in closing arguments
Fast Facts
- The new ETF will allow investors to profit from Ether’s price drops.
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- ProShares launched a Bitcoin-linked short ETF in the U.S. in June 2022.
- The firm also launched one of the first Bitcoin-linked ETFs in the U.S., the Bitcoin Strategy ETF (BITO) in October 2021.
- Ether fell 0.26% in the hour after the announcement, to US$1,831 as of 9:30 p.m. in Hong Kong, according to CoinMarketCap.
See related article: SBF examined over “cozy relationship” with Bahamian government in fraud trail
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- Source: https://forkast.news/proshares-launches-short-ether-etf/
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