VanEck to Close Ethereum Futures ETF Due to Insufficient Demand
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September 7, 2024
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Mars Finance reports that asset management company VanEck has announced it will shut down its Ethereum futures ETF due to insufficient demand. This comes as spot ETFs have gained dominance in attracting capital flows. The decision to close the fund was driven by a combination of factors, including "performance, liquidity, assets under management, and investor interest."
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