The ProShares Short Ether Strategy ETF (SETH), the fund's most recent offering, is scheduled for initial trading in November.

ProShares recently launched a trio of Ether (ETH) futures exchange-traded funds (ETFs).

According to a filing made on Friday, Oct. 13, the ETF is scheduled to list on the NYSE Arca exchange and seeks to achieve daily investment results that mirror the opposite of the daily S&P CME Ether Futures Index performance.

Instead of directly shorting Ethereum, the fund seeks to profit from price declines. The price of ETH was approximately $1,540 on Friday, down roughly 6% from the previous week.

According to Blockworks, ProShares expects the registration statement for the ETF to go into effect on October 15 and intends to introduce the fund in early November.

The three ProShares Ether futures funds that are currently available, however, including two that invest in both Ether and Bitcoin futures contracts, made their debut on October 2 alongside comparable goods from VanEck and Bitwise.

Nearly two years after the ProShares Bitcoin Strategy ETF, the first Bitcoin futures ETF, entered the market in October 2021, the SEC approved Ether futures ETFs.

The Short Bitcoin Strategy ETF from ProShares was released in June 2022 as part of its ongoing release of Bitcoin futures ETFs.

The Short Bitcoin Strategy ETF currently has assets of about $75 million, compared to the ProShares Bitcoin Strategy ETF's $850 million.

Sources:

https://cointelegraph.com/news/proshares-prepares-to-launch-unique-short-ether-strategy-etf

https://www.sec.gov/ix?doc=/Archives/edgar/data/1174610/000168386323007155/f36559d1.htm

https://blockworks.co/news/ether-futures-etfs-vaneck-proshares-bitwise-offerings