March 16, 2025
21shares to Liquidate Two Bitcoin and Ether Futures etfs Amid Market Downturn thumbnail
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21shares to Liquidate Two Bitcoin and Ether Futures etfs Amid Market Downturn

The FIRM IS LIQUIDATING ITS ARK 21shares Active on -chain Bitcoin Strategy Etf and Ark 21shares Active Bitcoin Ethereum Strategy Etf Amid The Downturn.”, – WRITE: www.coindesk.com

The FIRM IS LIQUIDATING ITS ARK 21shares Active on -chain Bitcoin Strategy Etf and Ark 21shares Active Bitcoin Ethereum Strategy Etf Amid The Downturn. Mar 15, 2025, 6:02 PM UTC

Crypto Asset Manager 21shares Is Set to Liquidate Two Actively Managed Exchange-Traded Funds (ETFS) Tied to Bitcoin and Ether Futures Amid A Wider Market Down.

The Funds Slatered for Liquidation Are The Ark 21shares Active On-Chain Bitcoin Strategy Etf (Arkc) and the Ark 21shares Active Bitcoin Ethereum Strategy Etf (Army). Investors Can Trade Shares Until The Market Closes on March 27, with Liquidation Expectioned to Take Place “On OR AROUND MARCH 28,“ Accorboard to A Press Release.

The Actiely Managed Etfs, WHICH HAVA An Expense Ratio of 1% and 0.93%, Respectiely, Are Set to Be Liquidated As US-LiTTTTOIN BITCOIN ETFS SAW Over F.66 The Outflows Come As Cryptocurrency Prices Plunge. Bitcoin is Down More than 12.8% Year-to-Date, While the Broader Coindesk 20 Index (CD20) Has LOST AUND 24% OF ITS VALUE OVER The SAME Period.

Shareholders Who Hold Onto their Shares Until The Liquidation Date Will Receive Payouts Equal to Their Poction of the Fund’s Net Asset Value, The Document Adds.
Read More: Bitcoin Price Drop to $ 80k: Crypto Market Analysis, ETF & Trump Impact

Francisco RodriguesFrancisco is a reporter for coindesk with a passion for Cryptocurrencies and Personal Finance. Before joining coindesk he worked at Major Financial and Crypto Publications. He OWNS BITCOIN, Ether, Solana, and Paxg Above Coindesk’s $ 1,000 Disclosure Thrasld.

Francisco Rodrigues

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