21Shares has decided to shut down its Bitcoin and Ethereum futures ETFs, with liquidation expected to take place by March 28.
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This move comes as the ETF landscape in the U.S. continues to evolve with new filings.
The affected funds include the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF.
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Although the company has not provided a specific reason for the decision, it cited a routine review of its offerings and the need to adapt to market trends and investor demands.
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Industry observers, however, speculate that persistent outflows from crypto ETFs may have played a role in the decision. Investors have until March 27 to sell their shares before trading ceases.
Any remaining holdings will be liquidated the following day, with shareholders receiving payouts based on their stake in the fund.
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Alexander Stefanov
