VanEck’s Ethereum Strategy Fund (EFUT) is scheduled to be listed on the Chicago Board Options Exchange (CBOE), as announced on their website. The investment management firm has received approval from the US Securities and Exchange Commission (SEC) and plans to launch Ethereum-styled futures contracts on October 2.
These standardized, cash-settled futures contracts will be accessible for trading on the Commodity Futures Trading Commission (CFTC) regulated commodities platform. The Ethereum Strategy Fund (EFUT) will provide investors with access to futures contracts without direct exposure to the digital asset. VanEck clarified that the ETF will be actively managed under a C-corp structure, offering a more beneficial tax framework for long-term investors. The expense ratio for the fund is set at 0.66%.
In addition, VanEck expressed their intention to donate 10% of its profits from the Ethereum Strategy ETF to the Protocol Guild, a team of Ethereum contributors managing the network’s core development. Other investment managers, including Bitwise Asset Management and Invesco Galaxy Ethereum ETF, are also planning to launch Ether futures contracts and Ethereum-backed Strategy ETFs.