VanEck started the latest Ethereum ETF frenzy with the announcement on Thursday that the launch of its VanEck Ethereum Strategy ETF (EFUT) was imminent. That coincided with a flurry of re-filings for similar ETFs. But those funds are only the start. There are more such futures ETFs in registration, and more such physical ETFs are also in the pipeline. Concerned about the potential for a government shutdown (now averted), the SEC focused last week on cleaning up its backlog. It approved the launches of the ether futures ETFs. However, it pushed off the approval of the ARK 21 Shares spot bitcoin fund.
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