Crypto Asset Provider 21shares, Bitcoin $83,921.55 and Ethereum 
$1,929.24 announced that it has decided to liquidate the futures ETFs. This decision of the firm emerged as a result of periodic examination and evaluation of market dynamics for the product range.
Bitcoin and Ethereum ETF decision
The company said it aims for the last days of March for the liquidation of two funds, Ark 21shares Active Bitcoin Ethereum Strategy ETF and Ark 21shares Active on-Chain Bitcoin Bitcoin Strategy ETF. The shareholders will be able to sell their shares until March 27, the last trading day. The liquidation process is expected to be completed on 28 March.
21Shares’ statement, the decision of liquidation was taken to better adapt the current product range to market conditions and the needs of customers. This step is expected to be affected by short -term market movements. Some commentators in the financial world, ETF’ler outlets can be effective in this decision, he says.
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Crypto Money ETF competition
In addition, the fact that ETF activities in the field of crypto have increased and some companies offer new products should not be overlooked. For example, 0.49 %trading fees for 21shares Bitcoin Ethereum Core ETPs are considered as a step to increase product competitiveness. On the other hand, companies work on different configurations including criteria for crypto asset portfolio.
In addition to the increase in the number of Spot ETFs, the futures on the futures side have expanded. This caused some crypto futures ETFs that offer mixed or direct investment. In the midst of the increase in the number of alternatives, it is not negative for the market to review the products of exporters. Moreover, nearly 40 applications on the Altcoin front are waiting for the SPOT ETF approval, and for many, the decision for many of them will be under the direction of the new crypto -friendly SEC.
“The shareholders who continue to hold the shares of a fund on the date of liquidation of the fund will receive a liquidation distribution of equal value to their proportional ownership shares in the background.” -21shares
As the authorities point out, the shareholders will have the opportunity to disposal in the liquidation process.
In summary, 21shares’ plan is intended to re -position relevant products in the market. This application of the company is seen as an important strategy to offer different options to digital asset investors. Investors may be useful to make their decisions by paying attention to the created timeline.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
