ProShares is set to expand its line-up of crypto-linked investment products with a new ETF that is expected to be among the first in the US to offer inverse exposure to ether, the world’s second-largest crypto asset.

In a landmark moment for the digital assets market, investment firms ProShares, VanEck, and Bitwise have each introduced futures-based ETFs tied to the value of ether, the world’s second-largest cryptocurrency.

Half a dozen investment managers are vying to be the first in the US to launch an ETF that provides exposure to ether by way of futures contracts.

The number of crypto asset ETPs increased by 50% in 2022, even as cryptocurrency market values crashed by 64% over the same period, according to research from Fineqia International.

ProShares has announced plans to change the underlying references for 23 ETFs providing tactical exposures to individual sectors of the US equity market.

ProShares has launched a new thematic equity ETF targeting mining companies supplying key metals used in the production of batteries.

ProShares has launched the first US-listed ETF providing inverse exposure to bitcoin, allowing investors to bet against the world’s largest cryptocurrency.

ProShares has launched the ProShares Supply Chain Logistics ETF (SUPL US), a new thematic equity ETF providing exposure to companies spearheading the logistical movement of raw materials and goods around the world.

Volatility Shares has debuted a pair of ETFs in the US providing inverse and leveraged exposure to short-term VIX futures.

ProShares has expanded its range of thematic equity ETFs with the launch of a US equity fund targeting firms shaping the development of the Metaverse.