VanEck plans to close and liquidate its Ethereum futures ETF "EFUT"

ETF issuer VanEck announced plans to close and liquidate its Ethereum futures ETF, with the VanEck ETF Trust board of directors approving the liquidation and dissolution of the fund. VanEck said that VanEck continues to monitor and evaluate its ETF products, covering multiple factors, including performance, liquidity, assets under management, and investor interest. The decision was made based on an analysis of these factors and other operational considerations to liquidate the fund. It is reported that shareholders of the fund can sell their shares on the fund's listing exchange before the market closes on September 16, 2024 (broker transaction fees may be incurred). After the market closes on September 16, 2024, the fund's shares will no longer be traded on the listing exchange and will subsequently be delisted. The fund liquidation date is expected to be on or around September 23, 2024, when shareholders who still hold fund shares will receive a cash liquidation distribution equal to the net asset value of their shares in the cash portion of their brokerage accounts. (Businesswire)