VanEck announces closure and liquidation of its Bitcoin Strategy ETF product

bitcoin ETF ITS 2024-01-17 53
VanEck has made the decision to close and liquidate one of its VanEck ETF products, demonstrating a strategic shift in its investment focus. The board of directors of VanEck ETF Trust has approved the liquidation and dissolution of the VanEck Bitcoin Strategy ETF (XBTF), which is traded on the CBOE platform. This move reflects the evolving landscape of the cryptocurrency market and signals VanEck's commitment to reevaluating and optimizing its investment offerings.