VanEck has unveiled an actively managed ETF focused on Ethereum (ETH) futures, the VanEck Ethereum Strategy ETF. 🚀 EFUT becomes the only ETF offering concentrated exposure to ETH futures structured as a C-Corp, promising a more tax-efficient experience for long-term investors. We note that the ETF will not invest in ETH or other digital assets directly.

Kyle DaCruz, director of digital asset products at VanEck, emphasized the importance of providing investors with access to the growing ETH futures market, especially given the lack of direct investment opportunities in digital assets in the US. 💼 EFUT focuses on standardized, settled ETH futures traded exclusively on registered commodity exchanges, with preference for the Chicago Mercantile Exchange.

However, investors should be careful as the world of digital assets is dynamic and evolving. It faces regulatory uncertainties and the absence of a central authority, leading to internal risks. Prices of digital assets such as Ethereum and Bitcoin can fluctuate and even fall to zero, highlighting the need to be prepared for a complete loss of your investment.