ProShares Ultra Ether ETF: Ethereum Needs A Trend, Not Just A Rebound

ProShares Ultra Ether ETF is a 2x daily leveraged Ethereum vehicle designed for short-term tactical exposure, not long-term ETH ownership. ETHT's 47% rebound from its June low shows the upside of daily leverage when ETH trends, but the sharp February-to-June decline highlights the damage caused by volatility and daily compounding. Beta slippage and volatility drag can cause ETHT's longer-term returns to diverge materially from 2x Ethereum's return, making the path of ETH just as important as its direction.