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Beacon

ETHTProshares Ultra Ether ETF

Take a bet2y track recordRanked #148 of 949 in this goal

Seeks daily investment results that correspond to two times (2x) the daily performance of the Bloomberg Ethereum Index.

By ProShares · Launched 2024

Annual Cost

0.94%

#4,779 of 5,861 · expensive

Fund Size

$144M

#2,646 of 5,861 · mid-size

Return (1Y)Goal

-87.6%

Track Record

2 years

#3,523 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$1,259-87.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Cryptocurrency

Strategy

Leveraged

Index tracked

Bloomberg Ethereum Index

What it actually holds

By weight

Asset allocation

Cash
81.0%
Other
19.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
134.1%High

Year-on-year price swings

Max drawdown
-96.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to two times (2x) the daily performance of the Bloomberg Ethereum Index.
Strategy
Invests in financial instruments to achieve daily returns that correspond to two times (2x) the price of ether, primarily through derivatives like swap agreements and ether futures contracts. The Fund does not invest directly in ether and aims to maintain leveraged exposure consistent with its Daily Target.
Inception date
June 6, 2024
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04