Ethereum

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VanEck, a leading asset management firm, announced today that it will close and liquidate its Ethereum futures ETF (EFUT). The decision follows a comprehensive evaluation of the fund’s performance, liquidity, assets under management, and investor interest.
This move by VanEck may be due to the fact that it has already launched a spot ETH ETF. In January of this year, VanEck also shut down its Bitcoin futures ETF due to the approval of its Bitcoin spot ETF.
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“As the sponsor of VanEck ETFs, we continually monitor and evaluate our ETF offerings for a variety of factors, including performance, liquidity, assets under management and investor interest. The decision to liquidate the fund was made based on an analysis of these factors and other operational considerations,” VanEck said in a press release.
Shareholders have the right to sell their shares on the listed exchange until the market close on September 16, 2024. After this date, the Fund's shares will no longer trade and the ETF will be delisted. For those who hold their shares through the liquidation date of September 23, 2024, VanEck will distribute the net asset value of their shares in cash.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/vaneck-decides-to-close-controversial-ethereum-etf-here-is-the-probable-reason/" rel="noopener noreferrer nofollow">VanEck Decides to Close Controversial Ethereum ETF: Here is the Probable Reason</a>

VanEck Decides to Close Controversial Ethereum ETF: Here is the Probable Reason

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