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