VanEck Pulls the Plug on Ether Futures ETF (EFUT)
CryptoNewsTerminal Staff06 Sep, 2024
VanEck Pulls the Plug on Ether Futures ETF (EFUT)
VanEck, a leading global asset manager, has made the decision to discontinue the sale of its Ether Futures Exchange-Traded Fund (ETF), known as EFUT. This decision comes after careful review of data, including liquidity, assets under management, and investor interest. Effective September 16th at the close of the market, EFUT will cease trading on the exchange. VanEck is a renowned player in the ETF market, having launched several groundbreaking products. However, the current market conditions and investor preferences have influenced their decision to terminate EFUT. The discontinuation aligns with VanEck's commitment to offering investors products that meet their evolving needs.
