👉 #ProShares is launching the first #ETF fund allowing Ethereum bearish investments.

This fund is designed to perform inversely with the ether price index. If the price of ether falls, the fund will increase.

The price of the ETF will be tied to the Price of ether futures contracts, not the spot price.

Previously, ProShares also launched bullish and bearish bitcoin ETFs.

The launch of a bearish ether ETF is said to make sense as the market awaits regulatory approval for spot cryptocurrency ETFs.