VanEck has announced the closure and liquidation of its Ethereum Strategy ETF, listed on the CBOE. The Ethereum ETF fund (ticker symbol ‘EFUT’) will stop trading after the market closes on Sept. 16, with liquidation expected around Sept. 23.

Shareholders holding EFUT shares on the liquidation date will receive a cash distribution based on the net asset value of their holdings. This decision follows VanEck’s routine evaluation of factors such as performance, liquidity, assets under management, and investor interest.

VanEck’s recent move follows the approval of a spot Ethereum exchange-traded product. A spot ETP directly exposes an asset by holding it or its equivalent, like spot Bitcoin or Ethereum. In contrast, a futures ETF tracks the price of futures contracts, offering indirect exposure to an asset’s future price movements.

Investors might also receive a final distribution of any remaining net income or capital gains before the fund’s dissolution. For tax purposes, the company will provide a final report at year-end detailing any capital gains or losses associated with the liquidation.

Earlier this year, VanEck announced the liquidation of its Bitcoin Strategy ETF, citing similar reasons: performance, liquidity, and low investor interest. The Bitcoin ETF, primarily investing in Bitcoin futures, was delisted after January 30.

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