TechFlow news — Bloomberg ETF analyst James Seyffart tweeted that ProShares will launch the Short Ethereum Futures ETF (Short ETH Strategy ETF) next week, with trading beginning on October 16 Eastern Time under the ticker SETH. The fund does not directly short ETH but aims to profit from declines in the asset's price.
Seyffart noted that while the SEC has accelerated approval for all long/traditional Ethereum futures ETFs, it has set this particular ETF to become effective on its normal/expected date, as its filing was submitted in August alongside other ETF applications.
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