ProShares - Ether ETF (EETH)
ProShares - Ether ETF operates in the Asset Management - Cryptocurrency industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $22.84, down 0.02% on the session, giving a market capitalisation of $54.4M. Its beta of 2.92 implies it has historically moved more than the broad market.
The ProShares - Ether ETF (EETH) aims to replicate the price fluctuations of Ether (ETH) by holding standardized futures contracts available on the Chicago Mercantile Exchange (CME). Its primary focus is on USD cash-settled Ether futures contracts for the nearest delivery month, though it can also incorporate contracts with longer maturities. To sustain its exposure to Ether, the fund consistently rolls over its expiring futures positions into new ones with later expiration dates. EETH may also leverage proceeds from reverse repurchase agreements to amplify its market exposure. A segment of its investments, capped at 25% quarterly, is executed through a fully-owned subsidiary situated in the Cayman Islands. Investors should be aware that Ether futures entail considerable risk, including the possibility of losing the entire investment.
ProShares - Ether ETF is most often compared with the following Financial Services names: