23 and counting: VanEck and ProShares file for ETH futures ETFs

Two more Ether (ETH)-based exchange-traded funds have been filed this week, bringing the total to 23 crypto ETF filings so far in 2021. VanEck and ProShares are the latest firms to reveal plans for institutional products focused on Ethereum. According to filings with the U.S. Securities and Exchange Commission on Wednesday, VanEck is seeking to launch an “Ethereum Strategy ETF”, while ProShares is calling its proposed product the “Ether Strategy ETF”. Both ETFs aim to provide exposure to Ether by investing in ETH futures contracts in addition to pooled investment vehicles and other exchange-traded products that have ETH exposure. The funds will not be buying Ether directly, according to the documents.