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VanEck to liquidate Bitcoin futures ETF

The decision announced in a Jan. 16 press release, was influenced by a comprehensive analysis of the fund’s performance, liquidity, assets under management, and investor interest, marks a notable shift in the ETF landscape. According to VanEck, shareholders holding positions in the VanEck Bitcoin Strategy ETF (XBTF) have until the market close on Jan. 30 to sell shares. The ETF, which has recently experienced a 1.4% decline, will be officially delisted from the market after this deadline. This move comes amidst fluctuating fortunes in the cryptocurrency market, with front-month Bitcoin (BTC) futures also witnessing a 1.6% drop, further signaling cautious investor sentiment.

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