VanEck has launched its Ethereum Strategy ETF (EFUT), the new fund that offers targeted exposure to ETH futures contracts, traded on exchanges registered with the Commodity Futures Trading Commission (CFTC).
VanEck: the new Ethereum Strategy ETF (EFUT) is based on ETH futures contracts
Investment management firm, VanEck, yesterday launched its new ETF based on Ethereum futures contracts, called the Ethereum Strategy ETF (EFUT). Here is the pre-announcement from a few days ago on X:
When you’re ready, ENTER THE ETHER. The VanEck Ethereum Strategy ETF ($EFUT) is coming soon. Read our press release: https://t.co/4QPOVd5nB2 pic.twitter.com/vSF3HzMuvC
— VanEck (@vaneck_us) September 28, 2023
Basically, the new EFUT offers investors targeted exposure to ETH futures contracts and not directly to Ethereum (ETH). These futures contracts are standardized and cash-settled on ETH, traded on exchanges registered with the Commodity Futures Trading Commission (CFTC).
Not only that, current
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