VanEck and ProShares are two of the latest ETF issuers to propose Ethereum strategy ETFs that take advantage of the futures market. The firms have filed paperwork with the U.S. Securities and Exchange Commission to launch, respectively, the VanEck Ethereum Strategy ETF and the ProShares Ether Strategy ETF. The funds both plan to invest in Ethereum futures rather than directly in the crypto, as regulators have yet to authorize funds to hold cryptocurrencies. Per the VanEck prospectus: “The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, in Ether futures contracts, as well as pooled investment vehicles and exchange-traded products that provide exposure to ETH. The fund does not invest in ETH or other digital assets directly.” Per the ProShares prospectus: “The fund seeks to provide capital appreciation primarily through actively managed exposure to ether futures contracts. The fund does not invest directly