Global asset manager VanEck has announced plans to close and liquidate its Ethereum futures ETF, known as the VanEck Ethereum Strategy ETF (EFUT). The Board approved the decision to dissolve the fund of Trustees of VanEck ETF Trust on 5 September 2024.
VanEck regularly evaluates its ETF offerings based on multiple factors, including performance, liquidity, assets under management, and investor interest. After a detailed analysis of these elements and other operational concerns, the company determined that liquidating the EFUT fund was in the best interest of investors.
The EFUT fund, traded on the CBOE under the ticker EFUT, will remain available for trading until market close on 16 September 2024. After that, the shares will be de-listed, and no further transactions will be possible. Shareholders who retain their shares beyond this date will…
