Ether Strategy ETFs

Targeting ether-linked returns

ProShares' suite of ether-linked ETFs, including leveraged and inverse, allows investors to benefit from either the rise or decline of daily ether prices.

These funds do not invest directly in ether. There is no guarantee the fund will achieve its daily performance targets.

View the full suite of ProShares crypto-linked ETFs here.

Capture the potential of the Ethereum ecosystem

with the benefits of an ETF:

Accessible

Buy and sell with a ticker in a traditional brokerage account

Convenient

Avoid the hassle of getting leveraged exposure through a margin account

Efficient

Avoid significant costs and fees typically required to get leveraged ether exposure

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View the prospectus for EETH.

View the prospectus for SETH.

View the prospectus for ETHT.

View the prospectus for ETHD.

Investing involves risk, including the possible loss of principal. There is no guarantee any ProShares ETF will achieve its investment objective.

Geared ProShares ETFs seek daily investment results that correspond, before fees and expenses, to a multiple of (e.g., 2x or -2x) the daily performance of its underlying benchmark (the “Daily Target”). While the Funds have a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

These ETFs invest in derivatives (e.g., swap agreements, futures contracts and similar instruments) that provide indirect exposure to ether and do not invest directly in ether. Investors seeking exposure to ether directly should consider an investment other than these ETFs. Ether is a relatively new asset class and the market for ether is subject to rapid changes and uncertainty. Ether is subject to unique and substantial risks, such as rapid price swings and lack of liquidity, including as a result of changes in the supply of and demand for ether, statements by influencers and the media, and other factors. Ether is largely unregulated and may be more susceptible to fraud and manipulation than more regulated investments. Leveraged exposure to ether will increase volatility. The value of an investment in these ETFs could decline significantly and without warning, including to zero. These ETFs may not be suitable for all investors.

Each Fund’s ability to obtain leveraged/inverse exposure is limited at each tax quarter-end (e.g., the last market days of January, April, July, and October) by each Fund’s intention to qualify for certain tax treatment. As a result, each Fund will not be able to obtain leveraged/inverse exposure consistent with its Daily Target and will not meet its investment objective on those days. The amount of leveraged/inverse exposure each Fund seeks to have on these dates may be significantly lower than its Daily Target.

These ProShares ETFs are non-diversified and entail certain risks, including risks associated with the use of derivatives (e.g., swap agreements, futures contracts and similar instruments), counterparty risk, imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. The costs associated with rolling (buying and selling) futures and the impact of margin requirements, collateral requirements and other limits may have a negative impact on performance and prevent the Funds from achieving their objective. The price and performance of derivatives based on the price of ether should be expected to differ from the current ‘‘spot’’ prices of ether (the prices of ether that can be purchased immediately). These differences could be significant. These ETFs are new and may have a limited number of market makers. There can be no assurance the funds will be successful or that an active market for shares will develop. EETH is actively managed.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in the ETF’s summary and full prospectuses. Read them carefull before investing.

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