Popular investment management firm VanEck has revealed its plans to introduce an Ethereum futures exchange-traded fund (ETF). The fund, named the VanEck Ethereum Strategy ETF (EFUT), will primarily invest in standardized, cash-settled ETH futures contracts traded on commodity exchanges licensed with the Commodity Futures Trading Commission (CFTC).
The ETF will specifically focus on ETH futures traded on the Chicago Mercantile Exchange (CME) and will be listed on the Chicago Board Options Exchange (CBOE). It will join VanEck’s existing futures ETF product, the VanEck Bitcoin Strategy ETF (XBTF), and will operate under a C-Corp structure for potential tax efficiency.
