VanEck, the $77.8 billion asset under management firm, is preparing to roll out its Ethereum futures exchange-traded fund (ETF) as the race for ether (ETH) futures fund heats up.
The ETF will be listed on CBOE and will be joining the asset manager's other futures ETF product, the VanEck Bitcoin Strategy ETF (XBTF), the statement said.
The move comes as many TradFi players have filed applications with the U.S. Securities and Exchange (SEC) for ether futures-based ETFs, following the bitcoin spot ETF hype.
Some of the peers that filed for ETH futures ETF include Bitwise Ethereum Strategy ETFRoundhill Ether Strategy ETFProShares Short Ether Strategy ETFProShares Ether Strategy ETFGrayscale Ethereum Futures ETF.
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Read more: Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports
Edited by Oliver Knight.
