ProShares’ Short Ether Strategy ETF is set to begin trading in November after the approval of the first Ethereum futures ETFs. The ETF aims to mirror the inverse performance of the daily S&P CME Ether Futures Index, without directly shorting Ether. The fund looks to capitalize on price dips in the market. ProShares anticipates that the registration statement for the ETF will become effective on October 15th and plans to introduce the fund in early November. This comes after the launch of three other ProShares Ether futures funds in early October. The ProShares Bitcoin Strategy ETF has accumulated around $850 million in assets, while the Short Bitcoin Strategy ETF has approximately $75 million.