ProShares Launches Ether ProFund (ETHFX), the First Mutual Fund in the U.S. Based on Ethereum Performance

Aset management company ProShares announced the launch of the first mutual fund in the United States based on the performance of Ethereum through its subsidiary ProFunds. The fund is called Ether ProFund (ETHFX). Previously, ProShares also launched the first mutual fund based on the performance of Bitcoin called Bitcoin ProFund (BTCFX), which currently has nearly $500 million in assets. It is reported that ETHFX will invest in Ethereum futures, not directly in ETH.