Denver-based investment firm Kelly Strategic Management has applied for an exchange-traded fund (ETH) that offers exposure to Ethereum (ETH) futures contracts.
The move comes just three months after VanEck and ProShares suddenly pulled their ETH futures ETF applications on the same day in August.
Invesco Launches Spot Bitcoin ETP on Deutsche Borse. According to a November 29 filing with the United States Securities Commission (SEC), the Kelly Ethereum Ether Strategy ETF will invest in cash-settled Ether futures contracts that are traded on the Chicago Mercantile Exchange (CME).