ETHD

ProShares UltraShort Ether ETF

$5.23

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The ProShares UltraShort Ether ETF (ETHD) seeks to provide daily investment results that correspond to two times the inverse (-2x) of the daily performance of the price of Ether, the second-largest cryptocurrency by market capitalization.

Overview

ETF tracking ProShares UltraShort Ether ETF

Category Leveraged

Issuer ProShares

Inception Date 2024-06-07

Market Cap $132.1M

Average Volume N/A

Dividend Yield 158.96%

52-Week Range $2.80 - $73.20

VWAP $5.11

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

ETHD uses a combination of financial instruments, such as futures contracts and swaps, to provide the targeted inverse exposure to the price of Ether. The fund does not invest directly in Ether or other cryptocurrencies.

✨ Key Features

Provides -2x daily inverse exposure to the price of Ether
Designed for short-term, tactical trading rather than long-term investment
Utilizes derivatives to achieve its inverse exposure objective
Highly volatile and speculative, not suitable for all investors

⚠️ Primary Risks

Significant daily volatility and risk of losses, especially in volatile cryptocurrency markets
Potential for divergence between the fund's performance and the inverse of the Ether price due to the use of derivatives
Liquidity risk, as the fund may have difficulty trading its positions at favorable prices
Counterparty risk associated with the derivatives used to achieve the fund's objective

👤 Best For

ETHD is intended for experienced, risk-tolerant investors who understand the speculative and volatile nature of leveraged and inverse cryptocurrency-related products. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.