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ProShares Files Form S-1 for its Spot Ethereum ETF

Mary Liu

Summary: ProShares filed an S-1 registration form for its spot Ethereum ETF on June 11, confirming and expanding the roles of various fund participants. The document shows that Coinbase Credit will serve as the company's trading credit lender, allowing it to borrow Ethereum (ETH) and cash for certain transactions that exceed its trading balance.  Bank of ...

ProShares filed an S-1 registration form for its spot Ethereum ETF on June 11, confirming and expanding the roles of various fund participants.

The document shows that Coinbase Credit will serve as the company's trading credit lender, allowing it to borrow Ethereum (ETH) and cash for certain transactions that exceed its trading balance. 

Bank of New York Mellon will serve as a transfer agent, processing subscription and redemption orders and keeping records of fund ownership.

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