Companies • September 28, 2023, 10:29AM EDT
Published 1 minute earlier on
Quick Take
- VanEck is preparing to launch the Ethereum Strategy ETF (EFUT) that focuses on ether futures contracts.
- EFUT will be listed on CBOE, actively managed by VanEck head of active trading Greg Krenzer.
VanEck announced the upcoming launch of the VanEck Ethereum Strategy ETF (EFUT). The actively managed ETF is tailored to capture capital appreciation by investing in ether (ETH) futures contracts, according to a statement. EFUT won't be investing directly in ETH or other digital assets. Instead, it will invest in standardized, cash-settled ETH futures contracts sourced from commodity exchanges that have the Commodity Futures Trading Commission (CFTC) stamp of approval. As it stands, the only ETH futures the fund intends to invest in are those traded on the Chicago Mercantile Exchange. The ETF will be listed on the CBOE, actively managed by VanEck head of active trading Greg Krenzer, following in the footsteps of the company’s VanEck Bitcoin Strategy ETF (XBTF). VanEck said it will share regular updates on the launch via its official X (formerly Twitter) account. Yesterday, the Securities and Exchange Commission delayed a decision on VanEck’s proposed spot ether fund, the VanEck Ethereum ETF, as widely expected. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
CBOE listed