Reading Time: 2 minThe launch of the VanEck Ethereum Strategy ETF (EFUT) on October 2, 2023 is a major milestone for the cryptocurrency industry, as it provides investors with a more accessible and regulated way to gain exposure to Ethereum. EFUT is the first US investment manager to bring an Ethereum futures-based ETF to market, and it is expected to pave the way for more cryptocurrency ETFs to be approved by the SEC in the coming months.

The launch of EFUT is also likely to have a positive impact on the price of Ethereum, as it will increase demand for the asset from institutional investors. Additionally, the ETF could help to legitimize Ethereum as an asset class and make it more attractive to mainstream investors.