Investment Firm Kelly Files for Ether Futures ETF

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The Kelly Ethereum Ether Strategy ETF is an actively managed fund that can put money into cash-settled Ether futures contracts traded on registered commodity exchanges. The worth of futures contracts is tied to the underlying reference asset, which is ether on this case. “Cash-settled” implies that if the futures contract expires with ether’s worth above the futures contract value, the purchaser pays the vendor the distinction in money.