James Seyffart, an ETF Research Analyst at Bloomberg Intelligence, revealed that ProShares is launching a new short Ethereum Futures ETF. Set to begin trading on Oct. 16th with the ticker $SETH, this announcement was made on Oct. 13.
This specific ETF's approval hasn't been hastened by the SEC unlike other long and traditional Ethereum futures ETFs. It's worth mentioning that this isn't an unexpected move, as the ETF was among those submitted in August.
When a community member inquired about the likelihood of an Ethereum ETF's approval by the first quarter of 2024, Seyffart estimated the second quarter of 2024 instead.
Furthermore, on Aug. 4, ProShares joined a wave of Ethereum ETF applications, becoming the 11th firm to do so in that week. This wave began after Volatility Shares filed for its Volatility Shares Ether Strategy
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