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VanEck to Close Ethereum Futures ETF as Focus Shifts to Spot Ether ETF
Summary: VanEck is set to close its Ethereum futures ETF (EFUT) due to the growing shift of investor interest toward its spot Ethereum ETF (ETHV). According to a release by VanEck, shareholders of EFUT have until the market close on Sept. 16 to sell their shares before the ETF is delisted. The fund’s liquidation is scheduled ...
VanEck is set to close its Ethereum futures ETF (EFUT) due to the growing shift of investor interest toward its spot Ethereum ETF (ETHV). According to a release by VanEck, shareholders of EFUT have until the market close on Sept. 16 to sell their shares before the ETF is delisted. The fund’s liquidation is scheduled for Sept. 23, with shareholders receiving a cash amount based on their holdings at that time.
The EFUT fund, which invested in Ethereum futures contracts rather than the actual digital asset, held $21.24 million in total net assets as of Sept. 5 and had a NAV of $20.23. The decision to shutter the fund comes after the successful launch of VanEck’s spot Ethereum ETF (ETHV), approved earlier this year by the Securities and Exchange Commission (SEC), which has garnered increased investor interest.
VanEck noted that the decision to close EFUT was made after evaluating various factors such as performance, liquidity, and overall investor interest.
Tags: Ethereum ETF,SEC,VanEck
Link: VanEck to Close Ethereum Futures ETF as Focus Shifts to Spot Ether ETF [Copy]
