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.

CBOE listed

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). 

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