21Shares plans to liquidate two Bitcoin futures and Ethereum futures ETFs around March 28th
PANews reported on March 14, according to Globenewswire, that 21Shares US LLC announced plans to liquidate two Bitcoin futures and Ethereum futures ETFs, namely ARK 21Shares Active Bitcoin Ethereum Strategy ETF (Cboe BZX: ARKY) and ARK 21Shares Active On-Chain Bitcoin Strategy ETF (Cboe BZX: ARKC).
Shareholders can sell their held funds before the end of trading day on Thursday, March 27, 2025. Such transactions may incur regular brokerage fees. The last trading day for both funds is March 27, 2025. The funds will be liquidated around March 28, 2025. Shareholders who continue to hold fund shares on the fund's liquidation date will receive a liquidation distribution equal in value to their proportionate share in the fund as of that date. Shareholders receiving a liquidation distribution typically realize capital gains or losses equivalent to the net asset value of their shares.
In addition, 21Shares stated that this move is based on routine reviews of its product lineup to ensure it aligns with market dynamics, customer needs and mature digital asset patterns. Both parties remain loyal partners and look forward to advancing regulated cryptocurrency products in the U.S market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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