VanEck readies Ethereum Futures ETF launch
VanEck, a recognized name in financial investments, is gearing up to introduce the VanEck Ethereum Strategy ETF, also known as EFUT. EFUT is an actively managed fund investing in Ethereum (ETH) futures contracts, without direct exposure in the coin. When you’re ready, ENTER THE ETHER. The VanEck Ethereum Strategy ETF ($EFUT) is coming soon. Read our press release: https://t.co/4QPOVd5nB2 pic.twitter.com/vSF3HzMuvC — VanEck (@vaneck_us) September 28, 2023 The launch showcases a growing interest in the potential of Ethereum and the burgeoning desire to provide investors with instruments to gain exposure. EFUT diverges from the conventional approach to crypto ETFs since it is crafted not to directly invest in Ethereum or any other digital currencies. Instead, it will channel investments into standardized, cash-settled ETH futures contracts sourced exclusively from commodity exchanges endorsed by the Commodity Futures Trading Commission (CFTC). You might also like: US ...