CryptoPioneer
Thu Jan 02 2025
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6 answers
1295
What is ProShares Ultra Ether ETF?
ProShares Ultra Ether ETF is an exchange-traded fund (ETF) offered by ProShares. It is designed to provide investors with exposure to twice the daily performance of Ether, the native cryptocurrency of the Ethereum network. This Leveraged ETF allows investors to magnify their potential returns on Ethereum's price movements, although it also increases the risk of larger losses if the price of Ether moves against the investor's position.
