Investment management firm VanEck is set to launch its Ethereum 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 (ETH) futures contracts and has no direct exposure to ETH. The fund will expose cash-settled ETH futures contracts on Commodity Futures Trading Commission-regulated commodities exchanges.