VanEck will close its Ethereum Futures ETF (EFUT) by September 16, 2024. The EFUT saw low asset accumulation compared to VanEck's Ethereum Spot ETF. In general, Ethereum faces challenges from competition as well as declining network revenues and fees. VanEck plans to close its Ethereum Strategy ETF (EFUT) by September 16, 2024, with liquidation expected.
The post first appeared on CoinJournal.