ProShares Launches Six Ether Futures ETFs, Expanding Crypto ETF Market

Ether ETFs made headlines this week with the release of six different futures products on Monday.

ProShares Advisors is the name behind all these applications, not leaving it to chance as ETF-related mania continues.

Meanwhile, the market continues to look to the US SEC for a break after months of delayed decisions.

ProShares, a renowned advisory firm boasting hundreds of clients has made headlines this with multiple Exchange-Traded Product (ETF) announcement, pointing to a resolution to expand the crypto ETF market.

ProShares launches multiple ETFS

ProShares Advisors has solidified the presence of Ether (ETH) in the ETF arena, launching six different ETH ETF futures products. Three of the latest are:

Ether Strategy ETF (EETH),

Bitcoin & Ether Equal Weight Strategy ETF (BETE), and

Bitcoin & Ether Market Cap Weight Strategy ETF (BETH)

Notably, these ETF products do not invest in the cryptocurrencies directly, rather, they track their futures contracts. The BETE and BETH ETFs provide exposure to two of the largest cryptos in the world, Bitcoin and Ethereum, which is why the firm launched the combined products.

Citing Strategas Securities ETF and technical strategist Todd Sohn, “It is rare when you get a new asset class to enter into the ETF lexicon.” His words came as he tried to explain why traditional players are jumping into the ETF train, adding:

" We’ll see how the asset class performs, but this is a new area for everyone to get involved into, so I think that’s why you’re seeing such popularity with all these releases "

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