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Seeking Alpha
1 month ago
ETHD: Don't Be Fooled By This Yield On Ether
ProShares UltraShort Ether ETF is designed for short-term, leveraged bearish trades on Ether, not for long-term holding or income. ETHD's reported 242% trailing yield is misleading, reflecting past payouts on a price that collapsed 93%, and is not indicative of future returns. The fund's structure and daily reset make it unsuitable for long-term investors; leveraged ETFs like ETHD are best used as intraday trading tools.