SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Toyota Retains Global Auto Sales Crown in 2025 With Record 11.3 Million Vehicles Sold 
VanEck has announced the closure and liquidation of its Ethereum ETF Futures (EFUT), citing declining market interest, poor performance, and investor demand. Shareholders have until September 16, 2024, to sell their shares on the CBOE exchange.
VanEck Confirms Ethereum ETF Shutdown
In a recent announcement, industry leader VanEck said that it will be ceasing operations and liquidating its Ethereum ETF Futures (EFUT).
Even though the price of ETH was already experiencing a tumultuous trading phase due to the wider market decline, this is a significant setback. The ETF issuer has given a laundry list of reasons for the move, including declining market interest and performance issues, among others.
A new announcement from VanEck states that the company will be terminating and liquidating its Ethereum Futures ETF, which is listed on the CBOE platform. The decision was made after a thorough evaluation of the company's products and services, with an emphasis on liquidity, performance, and investor demand as a whole.
EFUT Underperforms, Leading to Closure
The decision to wind down the fund was made because, according to the ETF issuer, the EFUT has not met its expectations.
Incidentally, according to Coingape, the company has informed stockholders that they will be able to sell their EFUT shares on the CBOE exchange by September 16, 2024. This is the day at which the ETF will no longer be listed and trading will cease.
Final Liquidation Set for September 23, 2024
On the other hand, following this date, on September 23, 2024, the expected liquidation date, any shareholder with shares will get a payout based on their holdings' net asset value.
Concerns about the market attitude for Ethereum futures, particularly in light of falling interest and trading volume, are further underscored by the decision. According to the company, the Ether ETF has struggled due to poor investor demand and persistent market difficulties.
After the US Spot Ethereum ETF was approved, VanEck decided to streamline its strategic portfolio.
VanEck Focuses on Spot ETFs After Liquidation
This action is in line with the firm's previous decision to phase down its Bitcoin Futures ETF after its US Spot Bitcoin ETF was approved in January, indicating a clear intention to focus on spot market products.
