cryptofamily

VanEck announced today its decision to close and liquidate its Ethereum Strategy ETF, which is listed on the CBOE.  
Ethereum ETF fund (ticker symbol ‘EFUT’) will cease trading after the market closes on Sept. 16, according to a VanEck press release, with liquidation expected around Sept. 23. 
 
Shareholders who still hold EFUT shares on the liquidation date will receive a cash distribution based on the net asset value of their holdings. 
 
The decision follows VanEck’s regular evaluation of factors such as “performance, liquidity, assets under management, and investor interest, among others.” According to the release, these criteria and other operational considerations led to the fund’s closure.

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This is serious news. Shareholders need to transfer their savings on time.🤔 101 $DEGEN

I’m not familiar with this ETF fund. The news looks sad