SETH

ProShares Short Ether ETF

$10.44

+0.00%

Market closed. Last update: 10:49 PM ET

📎 Investment Objective

The ProShares Short Ether ETF (SETH) seeks to provide investment results that correspond to the inverse (-1x) of the daily performance of the price of Ether, the second-largest cryptocurrency by market capitalization.

Overview

ETF tracking ProShares Short Ether ETF

Category Inverse

Issuer ProShares

Inception Date 2023-11-02

Market Cap $8.9M

Average Volume N/A

Dividend Yield 6.88%

52-Week Range $7.37 - $29.99

VWAP $10.36

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

SETH uses swap contracts and other financial instruments to provide inverse exposure to the price of Ether. The fund does not invest directly in Ether or other cryptocurrencies.

✨ Key Features

Provides inverse (-1x) exposure to the daily price movements of Ether
Utilizes swap contracts and other derivatives to achieve its investment objective
Designed for investors seeking to hedge or profit from declines in the Ether cryptocurrency
Has not yet accumulated any assets under management

⚠️ Primary Risks

Inverse performance risk: The fund's inverse performance may not match the inverse of Ether's daily price change
Volatility risk: Cryptocurrency markets are highly volatile, which can lead to significant gains or losses
Liquidity risk: The fund may have difficulty buying or selling positions due to lack of trading volume
Counterparty risk: The fund is exposed to the creditworthiness of its swap contract counterparties

👤 Best For

SETH may be suitable for experienced investors seeking to hedge their Ether exposure or speculate on declines in the Ether cryptocurrency. However, the fund's lack of assets and trading history, as well as the inherent risks of inverse and cryptocurrency-related investments, make it a high-risk, speculative investment that is not appropriate for all investors.