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  Following the U.S. SEC’s approval of spot Ethereum exchange-traded funds, VanEck has launched its Ethereum Strategy ETF. 
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 <p>Investment management firm VanEck is set to begin trading of its Ethereum (ETH) Strategy ETF on Oct. 2, with the product now listed on its website under the ticker EFUT and set for trading on the Chicago Board Options Exchange (CBOE).</p> 
 <p>The VanEck Ethereum Strategy exchange-traded fund (ETF) will look to accrue capital by investing in ether futures contracts, and does not have any direct exposure to ETH.&nbsp;The fund will offer exposure to cash-settled ETH futures contracts traded on CFTC-regulated commodities exchanges.</p> 
 <p>VanEck also touts the benefits of the product being a C-Corp structure, which includes tax benefits to long investors in comparison to registered investment company structures.</p> 
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  <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 
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 <p>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.</p> 
 <p>VanEck also announced that it intends to donate 10% of all profits from its upcoming Ether futures ETF to Ethereum core developers over the next 10 years.</p> 
 <p>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. Analysts cited sources within the SEC saying that the regulator wanted to approve Ether futures ETF before an upcoming U.S. government shutdown.</p> 
 <p>Meanwhile Bitwise Asset Management confirmed 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.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vaneck-ethereum-strategy-etf-set-for-cboe-listing-tbt64824.html">https://thebittimes.com/vaneck-ethereum-strategy-etf-set-for-cboe-listing-tbt64824.html</a></p>

VanEck Ethereum Strategy ETF set for CBOE listing

TheBitTimes

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