What Ethereum ETF Developments Mean for ETH
With the launch of Ethereum futures ETFs and spot ETFs in the works, Head of Digital Assets Research Matthew Sigel and Director of Digital Assets Product Kyle DaCruz dig into: - What is the value of Ethereum? Understand how the market determines its worth. - ETH vs ETH futures: Know the difference and relationship between ETH futures and the underlying spot market. - ETH’s advantage: We believe Ethereum’s lower fees on third-party transactions will help it gain market share profitably. https://www.vaneck.com/us/en/webinar-registration/?id=97110241456&utm_source=vaneck&utm_medium=calendar https://www.vaneck.com/us/en/investments/ethereum-strategy-etf-efut/ https://www.vaneck.com/us/en/investments/bitcoin-strategy-etf-xbtf/ IMPORTANT DISCLOSURES An investment in the *VanEck Ethereum Strategy ETF (EFUT)* may be subject to risks which include, but are not limited to, risks related to market and volatility, investment (in ETH futures), ETH and ETH futures, futures contract, derivatives, counterparty, investment capacity, target exposure and rebalancing, borrowing and leverage, credit, interest rate, liquidity, investing in other investment companies, management, new fund, non-diversified, operational, portfolio turnover, regulatory, repurchase agreements, tax, cash transactions, authorized participant concentration, no guarantee of active trading market, trading issues, fund shares trading, premium/discount risk and liquidity of fund shares, U.S. government securities, debt securities, municipal securities, money market funds, securitized/mortgage-backed securities, sovereign bond, ETH-related company, ETH-related concentration, and equity securities risks, all of which could significantly and adversely affect the value of an investment in the Fund. EFUT Gross Expense Ratio - 0.65% EFUT Net Expense Ratio - 0.66% EFUT: Van Eck Absolute Return Advisers Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs and trading expenses that are net account or similar fees charged by futures commission merchants (“FCMs”) until at least May 1, 2025. During such time, the expense limitation described in the preceding sentence is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation. XBTF Gross Expense Ratio - 0.65% XBTF Net Expense Ratio - 0.66% XBTF: Van Eck Absolute Return Advisers Corporation (the "Adviser") will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses (except that the Adviser will pay any net account or similar fees charged by futures commission merchants ("FCMs")), taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2024. The Funds are classified for federal income tax purposes as a taxable regular corporation or Subchapter “C” corporation. As “C” corporations, the Funds accrue a current and deferred tax expense. The deferred tax expense represents the future tax liability associated with the capital appreciation of its investments. The Funds' accrued current and deferred tax liabilities, if any, will be reflected in their net assets value per share. An estimate of current and deferred income tax expenses/(benefit) is dependent upon the Funds’ net investment income/(loss) and realized and unrealized gains/(losses) on investments, and such expenses/(benefits) may vary greatly from year to year and from day to day depending on the performance of the Funds’ investments and general market conditions. Therefore, any estimate of current and deferred income tax expenses/(benefit) cannot be reliably predicted from year to year. Future actual income tax expense (if any) will be incurred over many years depending on if and when investment gains are realized, the then-current tax basis of assets and federal income tax rates, the level of net loss carryforwards and other factors. *As such, current and deferred income taxes are not included in the total expense ratio, and the Funds’ actual total expense ratio may differ significantly.* *Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.* © Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation.