Bitcoin
$ 67,947
Ethereum
$ 2,197.2
Tether
$ 0.9990

ProShares Launches Groundbreaking Ether Strategy ETF and Dual Bitcoin-Ether ETFs

ProShares, a global leader in crypto-linked ETFs, is set to launch the ProShares Ether Strategy ETF (EETH), marking the first-ever ETF designed to track the performance of the cryptocurrency ether. Simultaneously, ProShares is introducing two ETFs that offer investors exposure to the combined returns of bitcoin and ether, the dominant cryptocurrencies in the market.

EETH is pioneering as it becomes the first exchange-traded fund aiming to replicate the performance of ether, the second-largest cryptocurrency globally and the native currency of the Ethereum platform. ProShares’ CEO, Michael L. Sapir, highlighted the strong demand from investors for cryptocurrency-linked ETFs, citing the success of their bitcoin-linked ETF, BITO, which became the largest crypto-linked ETF globally within two years of its launch.

In addition to EETH, ProShares is launching two innovative ETFs: the ProShares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and the ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH). BETE rebalances monthly to maintain a 50/50 weighting between bitcoin and ether, while BETH adjusts its allocation based on the market capitalization of these two cryptocurrencies.

One remarkable aspect of these ETFs is their accessibility, as investors can gain exposure to the performance of these leading cryptocurrencies through brokerage accounts without the need for a crypto custodian, exchange account, or wallet. All three ETFs will be listed on the New York Stock Exchange.

Subscribe To Our Newsletter

For updates and exclusive offers, enter your e-mail below.

 

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin67,947 0.30 % 2.10 % 3.90 %
Litecoin86.14 0.12 % 0.35 % 4.74 %
Ethereum2,197.2 0.23 % 0.67 % 2.46 %
Dogecoin0.1548 0.37 % 0.09 % 7.69 %
USDC1.000 0.10 % 0.02 % 0.08 %
Cardano0.2543 0.15 % 1.68 % 3.38 %
Tether0.9990 0.10 % 0.04 % 0.02 %
Binance Coin (Wormhole)222.47 0.38 % 4.71 % 3.08 %