Odaily Planet Daily News Asset management company VanEck announced the upcoming launch of VanEck Ethereum Strategy ETF (EFUT), which is an actively managed ETF. EFUT does not directly invest in ETH or other digital assets, but seeks capital by investing in ETH futures contracts. value added. EFUT will be listed on the Chicago Board Options Exchange (CBOE) and will be actively managed by Greg Krenzer, VanEck’s head of active trading.
VanEck said the fund will invest in standardized, cash-settled ETH futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC). Currently, the only ETH futures the fund intends to invest in are those traded on the Chicago Mercantile Exchange. (businesswire)