VanEck Prepares to Launch Ethereum Futures ETF

VanEck, a well-known name in the investment sector, is preparing to launch the VanEck Strategy ETF, also referred to as EFUT.

EFUT is an actively managed fund that focuses on investing in Ethereum (ETH) futures contracts without directly holding the cryptocurrency itself. This launch reflects the growing interest in Ethereum’s potential and the increasing demand for investment instruments that provide exposure to it.

Unlike traditional crypto ETFs, EFUT is designed not to invest directly in Ethereum or other digital currencies. Instead, it will invest in standardized, cash-settled ETH futures contracts that are exclusively obtained from commodity exchanges that are regulated by the Commodity Futures Trading Commission (CFTC).

Currently, the Chicago Mercantile Exchange (CME) is the only platform offering these futures, meeting the specific criteria established by VanEck.

EFUT will be listed on the Chicago Board Options Exchange (CBOE), with Greg Krenzer, the head of active trading at VanEck, leading this initiative.

In related news, the Securities and Exchange Commission (SEC) recently postponed its decision regarding another VanEck project— the proposed spot Ethereum fund, known as the VanEck Ethereum ETF.