VanEck Shuts Down Ethereum Futures ETF Amidst Struggling Market Conditions

Quick Summary:

On Friday, asset management firm and exchange-traded fund (ETF) issuer VanEck announced its decision to liquidate its Ethereum Futures ETF (EFUT).

According to the official release, shareholders will have the opportunity to sell their shares on the fund’s listing exchange until market close on September 16, 2024.

This report will clarify any portions of the distribution that may be treated as a return of capital, which could affect the shareholder’s basis in their shares.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: Hungary

Topics: ETH Ethereum ETFs VanEck news VanEck Ethereum ETF Ethereum etf Crypto news Ethereum Vaneck Ethusd Ethereum news Ethereum ETF news ETHUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 06:30:01 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22396325

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