VanEck, a global investment management company, announced the upcoming launch of the VanEck Ethereum Strategy ETF (EFUT), an Exchange Traded Fund (ETF) that seeks to generate capital gains by investing in Ethereum (ETH) futures contracts.
Unlike other digital asset investment strategies, EFUT will not invest directly in ETH or other digital assets.
The fund will invest in standardized, cash-settled ETH futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC). Currently, the only ETH futures the fund plans to invest in are those traded on the Chicago Mercantile Exchange.
The ETF will be listed on the Chicago Board Options Exchange (CBOE) and will be actively managed by VanEck Head of Active Trading Greg Krenzer. Krenzer, who joined VanEck in 1994, has more than two decades of trading experience across a variety of asset categories, including futures.
EFUT will accompany the VanEck Bitcoin Strategy ETF (XBTF) in providing futures-focused exposure to major digital assets.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/just-in-vaneck-prepares-to-launch-ethereum-futures-etf/