ProShares to launch two Ethereum leveraged ETFs
According to financial reports, ETF provider ProShares announced that it will launch two Ethereum-pegged ETFs: ETHT and ETHD. The ProShares Ultra Ether ETF (ETHT) targets a 2x daily return on Ethereum, while the ProShares UltraShort Ether ETF (ETHD) will be the first such product to be listed in the United States, targeting a -2x daily return on Ethereum. Both ETFs are expected to be listed on the New York Stock Exchange on Friday, June 7.
According to financial reports, ETF provider ProShares announced that it will launch two Ethereum-pegged ETFs: ETHT and ETHD. The ProShares Ultra Ether ETF (ETHT) targets a 2x daily return on Ethereum, while the ProShares UltraShort Ether ETF (ETHD) will be the first such product to be listed in the United States, targeting a -2x daily return on Ethereum. Both ETFs are expected to be listed on the New York Stock Exchange on Friday, June 7.