Following the U.S. SEC’s approval of spot Ethereum exchange-traded funds, VanEck has launched its Ethereum Strategy ETF.
The VanEck Ethereum Strategy exchange-traded fund will look to accrue capital by investing in ether futures contracts, and does not have any direct exposure to ETH. The fund will offer exposure to cash-settled ETH futures contracts traded on CFTC-regulated commodities exchanges.the benefits of the product being a C-Corp structure, which includes tax benefits to long investors in comparison to registered investment company structures.
When you’re ready, ENTER THE ETHER. The VanEck Ethereum Strategy ETF is coming soon. Read our press release:The investment manager has been advertising the launch of the ETH spot ETF on its social media handles over the past few days, with two “Enter the Ether”-themed TV commercials promoting the upcoming launch.that it intends to donate 10% of all profits from its upcoming Ether futures ETF to Ethereum core developers over the next 10 years.
As Cointelegraph previously reported, 15 different Ether futures ETFs from nine issuers were currently awaiting approval from the SEC at the end of Sept. 2023.late last week that trading for its two Ether ETH futures ETFs would commence on Oct. 2 as well, with investors gaining access to ETH futures trading on the Chicago Mercantile Exchange.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
VanEck Announces Big Decision to Support Ethereum (ETH) DevelopmentVanEck to donate 10% of ETF profits to Ethereum (ETH) contributors
Weiterlesen »
VanEck to donate 10% profits from Ether ETF to core developersAsset manager VanEck will donate 10% of all profits generated by its upcoming Ethereum Strategy ETF to Ethereum core developers.
Weiterlesen »
Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETFThe company's Ethereum trust is the largest ether investment product in the world with nearly $5 billion in AUM.
Weiterlesen »
Grayscale submits SEC filing to convert Ethereum Trust to spot ETFGrayscale submits SEC filing to convert Ethereum Trust to spot ETF
Weiterlesen »
Grayscale Files to Convert $5 Billion Ethereum Trust Into Spot ETFThe leading crypto asset manager is seeking to convert its renowned Grayscale Ethereum Trust (ETHE) into a spot Ethereum ETF
Weiterlesen »
FTX's Sam Bankman-Fried Goes on Trial Tomorrow; Ether ETF Race IntensifiesCrypto's biggest trial begins tomorrow and the outcome may hinge on Sam Bankman-Fried's former colleagues. VanEck head of digital assets product Kyle DaCruz discusses plans to roll out its Ethereum futures exchange-traded fund (ETF) as the race for ether (ETH) futures fund heats up. ETF Think Tank research director Cinthia Murphy also weighs in. And, Dexterity Capital managing partner Michael Safai shares his crypto market outlook as the U.S. government avoids a shutdown.
Weiterlesen »