ProShares launches the first US mutual fund based on Ethereum performance, Ether ProFund (ETHFX)
Asset management company ProShares announced the launch of the first US mutual fund based on Ethereum performance, Ether ProFund (ETHFX), through its subsidiary ProFunds. Previously, ProShares also launched the first mutual fund based on Bitcoin performance, Bitcoin ProFund (BTCFX), which currently has a scale close to 500 million USD. It is reported that ETHFX will invest in Ethereum futures and not directly in ETH.
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