Kelly Strategic Management files for Ethereum futures ETF

Eric Balchunas city Chicago Ethereum ETF business SEC CME Ethereum Futures Etf

30.11.2021 - 05:07

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cointelegraph.com:

Denver-based investment firm Kelly Strategic Management has filed for an exchange-traded fund (ETF) offering exposure to Ethereum (ETH) futures contracts.

The move comes just three months after VanEck and ProShares suddenly withdrew their ETH futures ETF applications on the same day in August.

According to a Nov. 29 filing with the U.S. Securities and Exchange Commission (SEC), the Kelly Ethereum Ether Strategy ETF will invest in cash-settled Ether futures contracts traded on the Chicago Mercantile Exchange (CME).

Bloomberg’s Senior ETF analyst Eric Balchunas noted on Twitter today that Kelly’s Ether ETF may have a slim 20% chance of getting approval, as he questioned whether the “SEC is ready for this new step.”

In Balchunas’ view, he thinks

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