ProShares Ethereum 2x Leveraged ETFs Coming to NYSE
CryptoNewsTerminal Staff04 Jun, 2024
ProShares Ethereum 2x Leveraged ETFs Coming to NYSE
ProShares Launches Ethereum 2x Leveraged ETFs Global asset management firm ProShares has announced the launch of two Ethereum (ETH)-based 2x leveraged exchange-traded funds (ETFs): ProShares Ultra Ether ETF (ETHT) ProShares Ultra Short Ether ETF (ETHD) These ETFs will provide ±2x the daily return of ETH. They are set to list on the New York Stock Exchange (NYSE) on July 7, 2023. ProShares previously filed for these ETFs in April. The launch marks the latest development in the growing market for crypto-related ETFs. Implications for Investors The new ProShares ETFs provide investors with a convenient and regulated way to gain exposure to Ethereum with leveraged returns. They can be used by both long-term investors and traders seeking short-term profits. About ProShares ProShares is a leading provider of ETFs and other investment products. The company manages over $70 billion in assets and has a long history of innovation in the ETF space.
