VanEck Ethereum Strategy ETF set for CBOE listing
Following the U.S. SEC’s approval of spot Ethereum exchange-traded funds, VanEck has launched its Ethereum Strategy ETF. 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). 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. The fund will offer exposure to cash-settled ETH futures contracts traded on CFTC-regulated commodities exchanges. 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. 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 — VanEc...