Invest in Web 3.0 with ProShares’ Short Ether-linked ETF

ProShares Launches Short Ether-Linked ETF

On Nov. 2, ProShares, a major issuer of exchange-traded funds (ETF), announced the launch of the Short Ether Strategy ETF (SETH) on the New York Stock Exchange’s Arca. This ETF provides investors with an opportunity to benefit from the volatility of Ether’s (ETH) price.

SETH seeks to gain exposure through Ether futures contracts, as with other ProShares crypto-linked ETFs. According to ProShares CEO Michael Sapir, it is designed to address the difficulty of obtaining short exposure to ETH, “which can be onerous and expensive.”

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Profiting from Web 3.0 with ProShares ETFs

ProShares has recently launched SETH, an ETF that allows investors to benefit from the rise and fall of Ether, all through the convenience of a traditional brokerage account. This addition to their series of ETFs linked to cryptocurrencies such as Bitcoin (BTC) and Ether, has opened up new web 3.0 business opportunities for investors.

In October 2021, ProShares launched its Bitcoin Strategy ETF, the first of its kind in the United States. This was followed by the Short Bitcoin Strategy ETF in June 2022, which allowed investors to short Bitcoin after it dropped below $20,000.

Other ProShares’ crypto ETFs include the ProShares Ether Strategy ETF, Bitcoin and Ether Market Cap Weight Strategy ETF and Bitcoin & Ether Equal Weight Strategy ETF. With these web 3.0 cryptocurrencies list and web 3.0 crypto tokens, investors can profit from web 3.0 crypto coins name list and web 3.0 crypto price, and learn how to profit from web 3.0 and how to invest in web 3.0.