Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»VanEck Shuts Down Ethereum Futures ETF as Investors Turn to Spot ETHV
ADOPTION NEWS

VanEck Shuts Down Ethereum Futures ETF as Investors Turn to Spot ETHV

By Crypto FlexsSeptember 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
VanEck Shuts Down Ethereum Futures ETF as Investors Turn to Spot ETHV
Share
Facebook Twitter LinkedIn Pinterest Email

Investment management firm VanEck is set to close and liquidate its Ethereum futures ETF.

The decision is related to the approval of VanEck’s spot Ethereum ETF, ETHV, the company said on social media platform X.

The VanEck Ethereum Strategy ETF (EFUT) invests in Ether futures contracts, not the digital asset itself. Listed on the CBOE Exchange, EFUT had total net assets of $21.24 million and a NAV of $20.23 as of September 5, according to the fund’s website. EFUT launched on October 2, 2023.

EFUT shareholders must sell their shares by the close of trading on September 16, the company statement continued. After that time, EFUT shares will be delisted. Those who still hold EFUT shares will liquidate their shares for cash equivalent to the value of their shares on September 23.

“VanEck continually monitors and evaluates ETF products across a number of factors, including performance, liquidity, assets under management, and investor interest,” the company said in a news release Friday. “Based on our analysis of these factors and other operational considerations, we have made the decision to liquidate the fund.”

The SEC approved VanEck’s spot Ethereum ETF ETHV and seven other spot ETH funds in May of this year. ETHV holds 1.97% of the total spot ETH ETF market share, with daily volume reaching $2.11 million on September 5, according to The Block’s Data Dashboard.

The Block reached out to VanEck’s media representative for comment.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin first broke $20,000. Since then, MK has written nearly 1,000 articles for the publication, covering all aspects of crypto news but with a penchant for NFTs, metaverse, web3 games, fundraising, crime, hacking, and crypto ecosystem stories. MK holds a graduate degree from the Science, Health, and Environment Reporting Program (SHERP) at New York University and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

The spot Bitcoin ​ETF has liquidated $5 billion in cumulative volume since its second day of trading.

January 12, 2024

PayPal’s cryptocurrency chief says Ethereum isn’t the best solution for payments, and here’s why

September 21, 2024

Bitcoin traders are hopeful that a bottom has been found after the BTC price bounced 9% from its lows.

July 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.