TokenInsight News, strategic venture capital firm Kelly has applied for approval of an ETF linked to ethereum futures in the United States, just three months after ProShares and VanEck withdrew similar applications.
The Kelly ETF is an investment in cash-settled ethereum futures contracts traded on a registered commodity exchange. Currently, the Chicago Mercantile Exchange CME is the only commodities exchange that trades Ether futures. Last month, two Bitcoin futures-based ETFs from ProShares and Valkyrie were listed with SEC approval.
