ETH's futures ETF is off the shelves? VanEck plans to liquidate Ethereum ETF!

According to Businesswire, ETF issuer VanEck announced plans to close and liquidate its Ethereum futures ETF (EFUT), and the VanEck ETF Trust board of directors approved the liquidation and dissolution of the fund.

As soon as the news came out, along with the potential non-agricultural data, BTC broke through 55,000 US dollars, and we have had this concern for a long time. After ETH's ETF was just listed, we published an analysis that ETH's futures ETFs are not easy to pass, and if the operation is not good, it is likely to be delisted. I put the specific analysis below:

Original analysis:

Regarding ETFs, although the issuance is relatively smooth at present, it also faces some problems. BlackRock and Fidelity's sales are acceptable, but other institutions, including Grayscale and ARK, have not sold well. The reason why Grayscale dares to maintain a higher fee rate is actually to gain an advantage in the competition for ETFs.

Although it has passed many ETF institutions, survival is still a problem. If the sales of ETFs are not ideal, who can make a profit and survive becomes the key. Grayscale seems to have lost its advantage due to management fees, but it has the longest ETF experience and user base, plus high management fees. Even if users leave, it will take some time.

During this period, Grayscale was able to obtain better returns than other institutions through higher fees and eventually survived. Other institutions are troubled by management fees in the competition, and sales are not ideal. If this continues, some institutions may withdraw from the market after the competition.

Finally, we review this news. VanEck continues to monitor and evaluate its ETF products, covering multiple factors, including performance, liquidity, asset size 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 exchange where the fund is listed before the market closes on September 16, 2024. After the market closes on September 16, 2024, the fund shares will no longer be traded on the listing exchange and will be delisted subsequently. The fund liquidation date is expected to be on or around September 23, 2024. $ETH #美联储何时降息？ #美国8月非农就业人数不及预期