Three months ago, ProShares and VanEck withdrew applications to launch Ethereum futures ETFs, but the investment company Kelly Strategic Management was not deterred by this development and it filed its own application with the SEC for approval of a similar product Kelly Ethereum Ether Strategy ETF will be an actively managed fund, investing in ETH contracts with cash settlement, traded on listed commodity exchanges. Currently the Chicago Mercantile Exchange (CME) is the only platform, where ETH futures are traded. The current limits on ETH futures contracts are 8000 contracts per month (each contract – this 50 ETH). If the Kelly Fund Chooses These Limits, then will invest in long-term ETH contracts or additional fixed income products, for example, government bonds or corporate debt securities. In August, VanEck and ProShares abruptly withdrew their documents for ETH futures ETFs., what indicates a possible refusal on the part of the SEC. Last month, two bitcoin futures ETFs from ProShares and Valkyrie were approved.. The head of the SEC, Gary Gensler, said, that such funds provide sufficient investor protection.