Asset manager VanEck, with $80 billion under management, is planning to launch an Ethereum Futures ETF. This move comes as the U.S. Securities and Exchange Commission (SEC) delays its decision on spot Ethereum ETFs. The ETF, called EFUT, will invest in standardized, cash-settled ETH futures contracts traded on registered commodity exchanges. The EFUT will be listed on the CBOE, following VanEck’s successful venture with the VanEck Bitcoin Strategy ETF. Other finance entities are also submitting proposals for ETH futures ETFs. The SEC has granted a 45-day extension for the decision-making deadline. However, there are speculations that the SEC might approve several Ethereum futures ETFs as early as the following week. U.S. Representatives have urged the SEC to accelerate the approval process for spot bitcoin ETFs.
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