Ethereum

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<p>Amidst the U.S. SEC’s green light for spot Ether exchange-traded funds, VanEck has unveiled its Ethereum Strategy ETF, sending ripples through the financial landscape. VanEck, a stalwart in investment management, is all set to introduce its Ethereum Strategy ETF on October 2nd. The product has officially graced the company’s website, bearing the ticker symbol EFUT, and is poised for trading on the Chicago Board Options Exchange (CBOE). VanEck’s Ethereum Strategy exchange-traded fund (ETF) will embark on its quest for capital accumulation by delving into Ether futures contracts, maintaining a deliberate distance from direct exposure to ETH. The fund will actively engage in cash-settled ETH futures contracts through commodities exchanges regulated by the Commodity Futures Trading Commission. Notably, VanEck emphasizes the advantageous “C-Corp” structure of the product, highlighting the tax benefits it offers to long-term investors in comparison to registered investment company structures. Ahead of its imminent launch, the investment manager has been vigorously promoting the ETH spot ETF across its social media platforms, treating its audience to a tantalizing teaser with two TV commercials under the banner of “Enter the Ether.” Adding a philanthropic touch to its endeavor, VanEck has also pledged to allocate 10% of its forthcoming Ether futures ETF profits towards supporting Ethereum core developers over the course of the next decade. As per reports from Cointelegraph, a whopping 15 different Ether futures ETFs from nine distinct issuers were awaiting the coveted nod from the United States Securities and Exchange Commission as of the close of September 2023. In an intriguing twist, insider sources within the SEC hinted at a rush to approve Ether futures ETFs ahead of a potential U.S. government shutdown. Meanwhile, Bitwise Asset Management has confirmed the commencement of trading for its two Ether ETH futures ETFs on the very same October 2nd date, extending an invitation to investors to partake in the exciting world of ETH futures trading on the Chicago Mercantile Exchange.</p> 
<p>The post <a rel="nofollow" href="https://bitcoinworld.co.in/eth-strategy-etf/">The VanEck Ethereum Strategy ETF is scheduled to list on the CBOE.</a> appeared first on <a rel="nofollow" href="https://bitcoinworld.co.in">BitcoinWorld</a>.</p>

The VanEck Ethereum Strategy ETF is scheduled to list on the CBOE.

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