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21Shares plans to liquidate Bitcoin spot ETF ARKC and Ethereum futures ETF ARKY
2025-03-16 02:44

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