"21Shares Liquidates Bitcoin and Ethereum Futures ETFs, Readjusting US Market Strategy"
Summary
- Global asset management firm 21Shares announced it will liquidate two Bitcoin·Ethereum futures ETFs on March 28.
- The last trading day for these ETFs is March 27, and investors still holding shares will receive cash payments based on the net asset value (NAV) at liquidation.
- 21Shares determined the funds no longer align with market conditions and customer demand, but stated they will continue to focus on providing cryptocurrency investment products in the US.
Global asset management firm 21Shares is set to liquidate two of its Bitcoin (BTC) and Ethereum (ETH) futures exchange-traded funds (ETFs) currently operating in the US market.
According to cryptocurrency media Cryptonews on the 15th, 21Shares announced plans to liquidate two ETFs: the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF. Both funds are listed on the Chicago Board Options Exchange (Cboe) BZX.
The last trading day for investors to buy or sell these ETFs will be March 27, with official liquidation scheduled for the 28th. Investors still holding shares until the liquidation date will receive cash payments based on the net asset value (NAV) at the time of liquidation.
According to the media, 21Shares stated that "the funds no longer align with current market conditions and customer demand," but added that they "still plan to focus on providing cryptocurrency investment products within the United States."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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