VanEck Ethereum Strategy ETF (EFUT) will invest in ETH futures contracts traded on commodity exchanges registered with the CFTC.
VanEck, the $77.8 billion asset under management firm, is preparing to roll out its Ethereum futures exchange-traded fund as the race for ether futures fund heats up.
The fund, called VanEck Ethereum Strategy ETF , will invest in standardized, cash-settled ETH futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission , the firm said inThe ETF will be listed on CBOE and will be joining the asset manager's other futures ETF product, theThe move comes as many TradFi players have filed applications with the U.S.
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