The Kelly Ethereum Ether Strategy ETF is an actively managed fund that will invest in cash-settled Ether futures contracts traded on registered commodity exchanges. The value of futures contracts is tied to the underlying reference asset, which is ether in this case. “Cash-settled” means that if the futures contract expires with ether’s value above the futures contract price, the purchaser pays the seller the difference in cash.
Related posts
-
Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient
The round was co-led by Pantera Capital and Framework Ventures. Source Spread the love -
Horizon Protocol Launches Perpetual Futures, Delivering an Unparalleled Trading Experience
PRESS RELEASE. Horizon Protocol’s Futures is a decentralized perpetual... -
Spot Ether (ETH) Exchange-Traded Funds (ETFs) Are Likely to See Up to $5B of Net Inflows in First Six Months: Gemini
Net inflows into spot ether ETFs below $3 billion would be a disappointment given that bitcoin...