21Shares plans to liquidate two BTC futures and ETH 2.0 futures ETF around March 28th

PANews reported on March 14th that, according to Globenewswire, 21Shares US LLC announced plans to liquidate two BTC futures and ETH futurETFs, 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 holdings of the funds before the end of trading 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 to the proportion of their shares in the fund on that day. Shareholders receiving the 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 a routine review of the company's product lineup to ensure it aligns with market dynamics, customer demands, and the evolving landscape of digital assets. 21Shares and the fund investment sub-advisor ARK Invest remain loyal partners and look forward to advancing regulated cryptocurrency products in the US market.