Overview

• VanEck's Ethereum Strategy ETF will cease trading on September 16, with liquidation expected around September 23.
• Shareholders can sell their shares on the CBOE exchange until September 16 or receive a cash distribution post-liquidation.
• The fund, launched in October 2023, failed to attract significant assets compared to spot ether ETFs.
• VanEck's decision follows broader challenges in the Ethereum ETF market, including significant outflows from spot ETFs.
• Other Ethereum ETFs, including Grayscale's ETHE, are also facing performance and liquidity issues.