SPOT BITCOIN ETF ISSUER VANECK TO SHUTTER BTC FUTURES FUND

Summary from the TLDR Crypto newsletter

VanEck has announced plans to cease trading of its Bitcoin Strategy ETF due to several considerations, including its performance and investor appetite for it. The ETF, launched in November 2021, has approximately $53 million in assets but is now being overshadowed by the ProShares Bitcoin Strategy ETF which has over $2 billion in assets as an alternative. Other financial institutions like Ark Invest, 21Shares, and Bitwise are still offering their Bitcoin futures ETFs.