VanEck to Close Ethereum Futures ETF in September

VanEck's Decision to Close Ethereum Futures ETF

VanEck, a well-known investment management firm, has announced the closure of its Ethereum Strategy ETF listed on the CBOE. The ETF, identified by the ticker symbol EFUT, will stop trading after the market closes on September 16, with its liquidation expected around September 23. Shareholders holding EFUT shares on the liquidation date will be compensated through a cash distribution based on the net asset value of their holdings.