21Shares plans to liquidate Bitcoin spot ETF ARKC and Ethereum futures ETF ARKY, which is expected to be carried out at the end of this month
This article is machine translated
Show original
According to the Coindesk report, the crypto asset management firm 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.
The decision was reportedly made after the U.S.-listed spot Bitcoin ETFs saw $1.66 billion in outflows earlier this month.
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
