Asset manager 21Shares is set to liquidate two ETFs tied to Bitcoin and Ethereum futures amid market downturns.
The affected funds are ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). Trading will continue until March 27, with liquidation scheduled for March 28.
The firm cited “regular product lineup reviews” to ensure alignment with market dynamics, client needs, and the evolving digital asset landscape.
The liquidation follows a prolonged period of outflows from cryptocurrency ETFs.
Previously, the SEC delayed its decision on spot ETFs for XRP, Solana, Litecoin, and Dogecoin.
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