Wu said that he learned that VanEck announced plans to close and liquidate its Ethereum Futures ETF (EFUT). The board of directors of VanEck ETF Trust approved the liquidation and dissolution of the fund. VanEck said that the decision to liquidate the fund was made based on an analysis of multiple factors such as performance, liquidity, asset size under management, investor interest, and other operational considerations. Fund shareholders can sell their shares on the exchange where the fund is listed until the close of September 16, 2024 (broker-dealer transaction fees may be incurred), after which the balance will be liquidated in cash.