VanEck to liquidate Ethereum futures ETF amid crypto strategy shift (by Vince Dioquino); EFUT shareholders will receive cash distributions after the ETF's dissolution.
VanEck is closing EFUT following a review of its ETFs, considering factors like performance, liquidity, assets, and investor interest. The decision was approved on September 5, 2024.
Shareholders have until September 16, 2024, to sell their shares before trading stops and the ETF is delisted. Those still holding shares by the expected liquidation date of September 23, 2024, will receive a cash payout based on the fund’s net asset value.
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