VanEck Ethereum Strategy ETF
EFUT
Chicago Board Options Exchange- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Oct 2, 2023
- Similar Companies
- Business
- VanEck Ethereum Strategy ETF (EFUT) is an actively managed exchange-traded fund that seeks long-term capital appreciation primarily through investments linked to the performance of Ether, the native cryptocurrency of the Ethereum network. The fund employs a futures-based strategy, investing in front-month CME Ether futures contracts; cash-settled Ethereum futures options; swap agreements referencing Ether or Ethereum futures; and reverse repurchase agreements collateralized by U.S. Treasuries, while also holding short-term U.S. Treasuries, agency securities, and corporate bonds rated investment grade. It operates within the digital assets and cryptocurrency derivatives segment of the financial services industry, targeting institutional and retail investors seeking exposure to Ethereum without direct cryptocurrency ownership. Headquartered in New York, NY, and sponsored by VanEck ETF Trust, a subsidiary of Van Eck Associates Corporation founded in 1955, EFUT trades on the Cboe BZX Exchange under the ticker EFUT. The fund launched in late 2023 amid growing institutional interest in Ethereum following the successful Ethereum Merge transition to proof-of-stake in September 2022, which enhanced network scalability and positioned Ether as a leading asset for decentralized finance (DeFi), non-fungible tokens (NFTs), and layer-2 scaling solutions. Geographically, it serves U.S. investors through major brokerage platforms with assets under management focused on compliant, regulated derivatives exposure. Recent developments include heightened trading volumes and inflows in 2025 driven by Ethereum's network upgrades such as Dencun and Pectra, which improved transaction efficiency and staking yields; expanded futures contract availability on CME Group exchanges; and VanEck's strategic filings for spot Ethereum ETF approvals in collaboration with regulatory advancements under the current administration. In Q3 2025, EFUT announced a fee waiver reduction from 0.60% to 0.20% to attract more assets amid competitive pressures from spot Ethereum ETFs approved earlier in the year. Additionally, VanEck deepened partnerships with crypto custodians like Gemini and Fireblocks for enhanced risk management and operational resilience in its futures rolling strategy.