ChainCatcher news, Bloomberg ETF analyst James Seyffart tweeted that Kelly and Hashdex have jointly submitted an application for an Ethereum strategy exchange-traded fund (ETF), with the fund code EX.

ChainCatcher news, asset management company VanEck announced the upcoming launch of the VanEck Ethereum Strategy ETF (EFUT), an actively managed ETF that aims to enhance capital appreciation by investing in Ethereum (ETH) futures contracts. EFUT does not directly invest in ETH or other digital assets.The fund will invest in standardized, cash-settled ETH futures contracts traded on exchanges registered with the Commodity Futures Trading Commission (CFTC). Currently, the only ETH futures the fund intends to invest in are those traded on the Chicago Mercantile Exchange. EFUT will be listed on CBOE and will be managed by VanEck's head of active trading, Greg Krenzer.