ProShares launches Ethereum futures ETF for shorting.

BlockBeats reported on November 2nd that ProShares announced on Thursday the launch of an Ethereum futures ETF that allows investors to short the market. The ProShares Short Ether Strategy aims to provide the opposite performance of the S&P CME Ethereum futures index on a daily basis. In other words, if the index falls 1%, the ETF will profit 1%. Like other cryptocurrency ETFs, this new product is linked to Ethereum futures contracts rather than the spot price of the token.