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Spot Ethereum ETF speculation could boost this fund

08-02-2024

It’s been about a month since spot bitcoin ETFs debuted on U.S. exchanges. Some cryptocurrency enthusiasts are already asking, “What’s next?” Answering that question isn’t easy. But many crypto ETF investors hope ethereum is next in line to be granted spot ETF status by the SEC.

Hope may be enough to put more eyeballs on the VanEck Ethereum Strategy ETF (EFUT). The fund debuted last October as one of the first futures-based ETFs providing exposure to ethereum. That is the second-largest digital currency by market value behind only bitcoin.