VanEck’s Ethereum Strategy ETF on Track for CBOE Listing

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By BitcoinWiki News

Key Takeaways:

– VanEck’s Ethereum Strategy Fund (EFUT) is set to list on the Chicago Board Options Exchange (CBOE)
– The fund will launch Ethereum-styled futures contracts on October 2
– The ETF will consist of standardized, cash-settled futures contracts accessible for trades on the Commodity Futures Trading Commission (CFTC) regulated commodities platform
– The ETF will allow investors to access futures contracts without direct exposure to the digital asset itself
– VanEck clarified that the ETF will be actively managed under a C-corp structure, providing a more beneficial tax framework for long-term investors
– The expense ratio for the ETF is set at 0.66%
– VanEck plans to donate 10% of profits from the Ethereum Strategy ETF to the Protocol Guild, a team of Ethereum contributors managing the network’s core development, over a period of ten years
– Other investment managers, such as Bitwise Asset Management and Invesco Galaxy Ethereum ETF, are also launching Ether futures contracts or Ethereum-backed ETFs


VanEck has announced that its Ethereum Strategy Fund (EFUT) will be listed on the Chicago Board Options Exchange (CBOE) starting October 2. The Ether futures exchange-traded fund (ETF) has received approval from the US Securities and Exchange Commission (SEC) and will offer standardized, cash-settled futures contracts. The ETF will be actively managed under a C-corp structure and will charge investors a management fee of 0.66%. VanEck has also pledged to donate 10% of the ETF’s profits to the Protocol Guild, a team of Ethereum contributors focused on core development. Other investment managers, such as Bitwise Asset Management and Invesco Galaxy Ethereum ETF, are also planning to launch Ether futures contracts in the near future.

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