VanEck and ProShares and Other Ether ETFs Officially Go Live

03/10/2023

In a significant development for the cryptocurrency industry, VanEck, ProShares, and other firms have launched Ethereum (ETH) Futures Exchange Traded Funds (ETFs), marking a milestone in the crypto ETF market. This announcement comes after the Securities and Exchange Commission (SEC) faced delays in approving Bitcoin-related ETFs.

VanEck introduced the VanEck Ethereum Strategy ETF (CBOE: EFUT), aiming to provide investors with exposure to Ethereum through ETH futures contracts traded on regulated commodity exchanges. ProShares also launched the ProShares Ether Strategy ETF, allowing investors to participate in Ethereum futures contracts. Additionally, ProShares introduced two ETFs offering exposure to both Bitcoin and Ethereum.

These ETFs offer several advantages, including regulatory oversight, tax efficiency, and accessibility for traditional investors. They are expected to bridge the gap between the cryptocurrency and traditional finance sectors, marking a significant development for the crypto market, particularly for Ethereum, the second-largest cryptocurrency by market capitalization.

Resource: https://coingape.com/breaking-vaneck-proshares-other-ethereum-etfs-go-live/