21Shares plans to liquidate Bitcoin ETF ARKC and Ethereum ETF ARKY
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According to the news from Mars Finance, on March 16, the crypto asset management company 21Shares plans to liquidate two actively managed exchange-traded funds linked to Bitcoin and Ethereum futures, the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY), amid a general market downturn. Investors can trade the shares before the market closes on March 27, and the liquidation is expected to take place around March 28. It is reported that this decision was made after the U.S.-listed spot Bitcoin ETF saw an outflow of $1.66 billion this month. (Coindesk)
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