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Seeking Alpha 2021-11-30 13:52:12

Ethereum Strategy ETF has been filed with the SEC by Kelly Intelligence

Kelly Intelligence intends to launch the Kelly Ethereum Strategy ETF (EX), which will be an actively managed fund that aims to offer market participants exposure to the Ethereum market. EX will achieve its investment objective by capitalizing on standardized cash-settled Ether Futures contracts. The exchange traded fund will also not invest in Ether or other digital assets directly as U.S. regulators have yet to approve such a product. EX will use the same strategy that the ProShares Bitcoin Strategy ETF (NYSEARCA:BITO) uses to offer exposure to Bitcoin (BTC-USD) except to Ethereum (ETH-USD). Kevin Kelly, the organization's founder, and CEO told Blockworks: "Kelly Intelligence's interest in ether is predicated on the fact that we are at the start of the fourth industrial revolution – what we call the intelligence revolution — where the Ethereum network will be an integral part of our lives going forward." Moreover, EX did not provide an

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