VanEck to Liquidate Ethereum Futures ETF By September 16

According to a press release shared via Business Wire, VanEck announced that its Ethereum Futures ETF (EFUT) will cease operations and begin the liquidation process.
Key Details of the Liquidation
Final Trading Date: Shareholders can sell their ETF shares on the exchange until the market close on September 16. After this date, the ETF will be delisted.
Distribution of Proceeds: Following the delisting, VanEck plans to distribute liquidation proceeds to shareholders around September 23, ensuring an orderly closure of the ETF.
Reasons for Closure: VanEck cited performance, liquidity, and a lack of investor interest as the primary reasons for the decision to liquidate the Ethereum Futures ETF.