Key points:
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
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.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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