One of the biggest events of 2024 in cryptocurrencies is spot Bitcoin $55,763.36 ETF and spot Ethereum 
$2,349.89 The ETF was approved and started trading. While spot Bitcoin ETFs started trading on January 10, spot Ethereum ETFs started trading on July 23. While ETF providers are trying to benefit from this situation, today the giant asset management company Van Eck There has been an important development on the side.
VanEck Makes Critical ETF Decision
According to information that emerged in the past hours, VanEck made an important decision today. VanEck announced that it plans to close and liquidate the Ethereum futures ETF (EFUT) and the statement was as follows: A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The VanEck ETF Trust Board of Trustees has approved the liquidation and termination of the following fund (the “Fund”) on September 5, 2024.
The fact that this decision was made in futures seemed to be independent of the spot Ethereum ETF, which does not mean that ETFs were completely abandoned. While it is thought that the company may have reached such a decision due to not receiving certain returns, it seems that whether this decision will expand or not will continue to be a matter of curiosity.
How Many Dollars is Ethereum?
When it was first launched on July 30, 2015, perhaps no one thought it would reach this point, but its growth has accelerated day by day, and at this point, it continues to be the most voluminous altcoin in the cryptocurrency world, with its total volume currently being higher than the total volume of all other altcoins in the top 10.
ETH, which pushed $ 5,000 in 2021 but could not exceed it, had its ATH just below this level. Later, a sharp decline was seen and the price remained below $ 2,000 for a long time. In the months when Bitcoin reached its ATH, Ethereum was seen to exceed $ 4,000 once again.
Once again, after this process, there was a deep decline ETH It happened when news first emerged that the next Spot Ethereum ETF would be approved, and it had returned from the $4,000 level. At this point today, it was reflected in the charts that the downward movement for ETH continued.
Ethereum The price fell to $ 2,271 after a decrease of more than 4% in the last 24 hours. After this decrease, the market volume decreased to $ 273 billion, while the transaction volume increased by 40% and increased to $ 18.5 billion. In the ETH / TRY parity, the price was seen as 77,888 TL.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
