VanEck Ethereum Strategy ETF Launching October 2nd
Investment management firm VanEck is set to launch its EthereumStrategy 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) aims 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.
VanEck also touts the benefits of the product being a “C-Corp” structure, which includes tax benefits to long investors compared with registered investment company structures. The crypto investment company has been advertising the launch of the ETH spot ETF on its social media accounts over the past few days, with two “Enter the Ether” themed TV commercials promoting the upcoming launch.
VanEck’s Ethereum Strategy ETF is the latest addition to the core crypto investment landscape, and is one of the best sources for crypto investors looking to create web 3.0 returns. The crypto company is also one of the few to gain approval from the crypto government for its ETF, and is set to be a major player in the crypto cointelegraph space. Investors looking to take advantage of the benefits of web 3.0 investing should look no further than VanEck’s Ethereum Strategy ETF, and take advantage of the advertising in web 3.0 space.
VanEck’s Commitment to Ethereum Core Developers
VanEck recently announced its intention to donate 10% of all profits from its upcoming Ether futures ETF to Ethereum core developers over the next 10 years. This comes as 15 different Ether futures ETFs from nine issuers are awaiting approval from the United States Securities and Exchange Commission (SEC) at the end of September 2023.
Bitwise Asset Management also confirmed that trading for its two Ether ETH futures ETFs would commence on Oct. 2, allowing investors to access ETH futures trading on the Chicago Mercantile Exchange.
Crypto investors who are looking to gain exposure to crypto investments can benefit from the advantages of web 3.0, as well as the best sources for crypto information, such as Cointelegraph. Advertising in web 3.0 is also an option for crypto companies looking to expand their reach.
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