VanEck Closes Ethereum Futures ETF ❌
VanEck has officially decided to close its Ethereum futures ETF due to poor demand. Investors are gravitating toward spot-based ETFs, which provide more direct exposure to Ethereum. This move highlights the growing preference for spot products over futures, especially as institutional investors adjust their strategies.
🔸 Insight: Spot Ethereum ETFs have become the new trend, with investors seeking simpler, more direct exposure to the asset.
🔸 Impact: This could mark the beginning of a broader industry shift away from futures-based ETFs.
