Ethereum

Read

<div class="cryptonews"> 
 <p class="is-style-lead">VanEck, a recognized name in financial investments, is gearing up to introduce the VanEck Ethereum Strategy ETF, also known as EFUT.</p> 
 <p>EFUT is an actively managed fund investing in Ethereum (ETH) futures contracts, without direct exposure in the coin.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">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</p>— VanEck (@vaneck_us) September 28, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>The <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> showcases a growing interest in the potential of Ethereum and the burgeoning desire to provide investors with instruments to gain exposure.</p> 
 <p>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).</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> US SEC may approve Ethereum futures ETFs next week 
 </div> 
 <p>Currently, the Chicago Mercantile Exchange (CME) is the sole destination for these futures. It is the only platform that matches the demanded and specific criteria set by VanEck.</p> 
 <p>EFUT will be listed at the Chicago Board Options Exchange (CBOE). </p> 
 <p>Steering the ship at VanEck for this venture will be Greg Krenzer, the head of active trading. </p> 
 <p>In related developments, the Securities and Exchange Commission (SEC) recently postponed their verdict on another VanEck venture – the proposed spot Ethereum fund, dubbed the VanEck Ethereum ETF. </p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> VanEck: Crypto exchange volumes declined to $52b in August 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vaneck-readies-ethereum-futures-etf-launch-tbt64414.html">https://thebittimes.com/vaneck-readies-ethereum-futures-etf-launch-tbt64414.html</a></p>

VanEck readies Ethereum Futures ETF launch

TheBitTimes

Other articles published on Sep 28, 2023

Bitfinex Taps Standard Chartered Bank’s Custody Service to Enhance Asset Security

US Department of Defense Establishes BRAVO AI Battle Labs to Drive Innovation and Efficiency

Supra Completes Over $24m in Early Stage Funding to Date

Decoding Ethereum Improvement Proposals (EIPs)

Synthetix Crypto Prediction: Will SNX Bounce Back From $2 Mark?

Shanghai Reveals Blockchain Initiatives for Trade, Metaverse, and Efficient Government Operations

Join our free newsletter for daily crypto updates!