TechFlow news, ProShares will launch two Ethereum-linked ETFs that aim to deliver 2x and -2x daily returns of Ethereum. These two ETFs will be listed on the New York Stock Exchange this Friday, marking the first time such products are offered in the United States.
The ProShares Ultra Ether ETF (ETHT) targets 2x daily Ethereum returns, while the ProShares UltraShort Ether ETF (ETHD) is the first U.S.-listed product targeting -2x daily Ethereum returns.
ProShares stated that these ETFs are designed to provide investors with easier access to leveraged or short exposure to Ethereum.
It should be noted that these ETFs do not directly invest in cryptocurrencies; instead, they use derivatives to achieve leveraged results and thus carry certain risks. Investors should evaluate their own investment objectives and risk tolerance before making any decisions.
Previous report, ProShares launched two 2x daily leveraged Bitcoin ETFs: BITU and SBIT.
