21Shares plans to clear two Bitcoin futures and Ethereum futures ETFs around March 28

PANews March 14th news, according to Globenewswire, 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 may sell their funds before the end of the trading day on Thursday, March 27, 2025, and such transactions may be subject to regular brokerage fees. The last trading days of both funds are March 27, 2025. The fund will be liquidated around March 28, 2025. Shareholders who continue to hold fund shares on the fund liquidation date will receive liquidation distributions, whose value is equal to the proportion of their equity in the fund on that day. Shareholders who receive liquidation distributions usually realize capital gains or losses equivalent to the value of their shares’ net assets.

Additionally, 21Shares said the move is based on a routine review of the company's product lineup to ensure it meets market dynamics, customer needs and a mature digital asset landscape. 21Shares and fund investment sub-advisor ARK Invest remain loyal partners and look forward to advancing regulated cryptocurrency products in the U.S. market.