VanEck Ethereum Futures ETF Closure As Investors Turn To Spot ETHV

Key points:

• EFUT shareholders have until the market closes on Sept. 16 to sell their shares, and the fund’s liquidation date is set for Sept. 23. 
• EFUT held $21.24 million in total net assets and maintained a NAV of $20.23 as of Sept. 5
• The decision to close the fund was related to the approval of VanEck’s spot Ethereum ETF ETHV. 

VanEck Ethereum futures ETF closure due to its spot Ethereum ETF approval. EFUT investors must sell shares by Sept. 16, or they will be liquidated by Sept. 23.

VanEck Ethereum Futures ETF Closure Linked to Spot Ethereum ETF Approval

VanEck is closing and liquidating its Ethereum futures ETF, EFUT, after approving its Ethereum spot ETF, ETHV. EFUT, which invests in ether futures contracts, will no longer be traded after September 16, and shareholders who have not sold will have their shares liquidated for cash on September 23.

According to VanEck’s official announcement, the decision was based on several factors, including fund performance and investor interest.

Read more: Spot Bitcoin ETFs See BlackRock’s IBIT Log first Outflows since May

Impact on VanEck’s ETF Strategy and Future Prospects

VanEck continues to monitor its ETFs, evaluating each ETF based on performance, liquidity, and market demand. With the SEC’s approval of the ETHV spot Ethereum ETF, VanEck’s focus is shifting to spot assets, increasing investor exposure to Ethereum without using futures contracts.

The ETHV ETF has captured 1.97% of the spot ether ETF market share, highlighting the growing interest in direct exposure to Ethereum.