ProShares unveils Ethereum short futures ETF launch
ETF Research Analyst for Bloomberg Intelligence James Seyffart reported that ProShares has announced the launch of a new short Ethereum Futures ETF. According to the Oct. 13 post, trading is scheduled to kick off in 3 days on Oct. 16th under the ticker $SETH. An answer to an August filing While the SEC fast-tracked approval for all the long and traditional Ethereum futures ETFs, this particular one is proceeding on its originally scheduled effective date. It’s essential to note that this development isn’t a sudden surprise; the ETF had been filed alongside others in August. UPDATE: ProShares will be launch ing a short #Ethereum Futures ETF. Looks like it should begin trading on October 16th (This coming Monday). Ticker is $SETH h/t @NateGeraci pic.twitter.com/RdhtRtXWSY — James Seyffart (@JSeyff) October 13, 2023 As part of the thread, a member of the community asked about the chances of seeing an Ethereum ETF getting approved by Q1 2024, to which Seyffart ...