VanEck to Close Ethereum Futures ETF After Market Struggles

The investment firm cites performance, liquidity, and investor interest as reasons for shuttering the fund.

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.