Digital Coin News

Ethereum: Can the new inverse ETF lure in more ETH bears

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

ProShares announces bearish Ethereum ETF that will allow people to short the Ethereum price without using crypto.

ProShares has unveiled an Ethereum ETF designed to facilitate short positions on ETH price, offering investors the means to hedge against potential price declines without direct exposure to the cryptocurrency.Ethereum

In simple terms, if the index goes down by 1%, this ETF will try to gain 1%. Unlike direct investments in cryptocurrencies, this product is linked to futures contracts on Ethereum. ProShares CEO Michael Sapir explained that this new inverse ETF allowed investors to take a bearish stance on Ethereum without the challenges and expenses associated with direct short positions.

Conversely, the launch of such an ETF may lead to greater price volatility as these bearish funds can cause rapid declines in ETH’s value.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase’s ‘Existential Overhang’ Is Being Obscured by Bitcoin ETF FrenzySentiment around Coinbase Global Inc. is rising as the long-anticipated debut of an exchange-traded fund that invests directly in Bitcoin appears imminent. That’s fueling expectations for a widespread increase in demand, and apparently prompting some investors to disregard the uncertainty surrounding the largest US crypto exchange.
Source: BNNBloomberg - 🏆 83. / 50 Read more »