21Shares to Liquidate Bitcoin and Ethereum Futures ETFs by March 2025

According to PANews, 21Shares US LLC has announced plans to liquidate two of its exchange-traded funds (ETFs) focused on Bitcoin and Ethereum futures. The funds in question are the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (Cboe BZX: ARKY) and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (Cboe BZX: ARKC). Shareholders have the opportunity to sell their holdings by the end of the trading day on March 27, 2025, which is a Thursday. Such transactions may incur standard brokerage fees. The final trading day for both funds is set for March 27, 2025, with liquidation expected around March 28, 2025. Shareholders who retain their shares until the liquidation date will receive a distribution based on their proportional equity in the fund. This distribution will typically result in a capital gain or loss equivalent to the net asset value of their shares. 21Shares stated that this decision follows a routine review of its product lineup to ensure alignment with market dynamics, customer needs, and the evolving digital asset landscape. Despite the liquidation, 21Shares and ARK Invest, the fund's investment sub-advisor, remain committed partners and are eager to advance regulated cryptocurrency products in the U.S. market.