Investment Firm Kelly Files for Ether Futures ETF

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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.


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