Asset management company VanEck, VanEck Bitcoin Strategy announced that it will close and liquidate its exchange traded fund (ETF).
In the statement made by VanEck, “VanEck continually monitors and evaluates the ETFs it offers, considering many different factors, including performance, liquidity, assets under management and investor interest.” It was said.
VanEck Bitcoin Strategy ETF, which started trading in November 2021, Bitcoin futures contracts He was investing. Total value of assets in the fund as of January 16 was $53.2 million.
In the statement made by VanEck, the fund On January 30, 2024 It was stated that it will no longer be traded on the stock exchange after the markets close.
VanEck, US Securities and Exchange Commission (SEC) of the spot Bitcoin ETFs it accepted last week. is among one. The fund traded with the HODL code will be deposited within three days. $25.2 million gained volume.