Inverse Ethereum Futures ETF Could Awaken Bearish Investors

ProShares announced Thursday it will launch the ProShares Short Ether Strategy (SETH) for delivering the inverse of the daily performance of the Standard & Poor’s CME Ether Futures Index, reported CoinGape.

If the index fell 1%, the ETF would want to return 1%. Targeting the bearish investors, the new product was tied to futures contracts on Ethereum, rather than the spot price for the token.