VanEck has announced it will close and liquidate its ETH Strategy ETF, listed on the CBOE. The listed ETF..
Author: Sahil Thakur
Written On: Sat, 07 Sep 2024 10:20:13 GMT
VanEck has announced it will close and liquidate its Ethereum Strategy ETF, listed on the CBOE. The ETF (ticker symbol ‘EFUT’) will stop trading on Sept. 16, with liquidation expected by Sept. 23. Shareholders still holding EFUT shares at the time of liquidation will receive a cash distribution based on the fund’s net asset value.
Investors may also receive any remaining net income or capital gains before the fund is dissolved. For tax purposes, VanEck will issue a final report detailing capital gains or losses at the end of the year. This move follows the liquidation of VanEck’s Bitcoin Strategy ETF earlier this year, citing similar reasons of performance and low investor interest.
Real voices. Real reactions.
Add your reaction to this story:
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.
Quick Sync Exploited in Targeted Attack, Token Falls By 99% In 7 Days
Figma Allocates $69.5M to Bitcoin ETF in IPO Prospectus
Creo Engine Adds $200,000 Liquidity on PancakeSwap V2
US Senate Passes Trump Budget Bill Without Crypto Tax Fix
Quick Sync Exploited in Targeted Attack, Token Falls By 99% In 7 Days
Figma Allocates $69.5M to Bitcoin ETF in IPO Prospectus
Creo Engine Adds $200,000 Liquidity on PancakeSwap V2
US Senate Passes Trump Budget Bill Without Crypto Tax Fix