NEW YORK, NY, March 13, 2025 – 21Shares US
LLC ("21Shares"), an affiliate of 21Shares AG, one of the world’s
largest issuers of crypto exchange traded funds (ETFs), today
announced the scheduled liquidation of two bitcoin futures and
ethereum futures ETFs (the “Funds”), based on routine review of the
firm’s product lineup to ensure it aligns with market dynamics, the
needs of its clients and a maturing digital assets
landscape.
21Shares and ARK Investment Management LLC (“ARK Invest”), the
Funds’ investment sub-advisor, remain committed partners and look
forward to advancing regulated cryptocurrency products in the U.S.
market.
The ETFs scheduled for liquidation are the following bitcoin
futures and ethereum futures ETFs:
- ARK 21Shares Active Bitcoin Ethereum
Strategy ETF (Cboe BZX: ARKY)
- ARK 21Shares Active On-Chain
Bitcoin Strategy ETF (Cboe BZX: ARKC)
Shareholders may sell their holdings in the Funds prior to the
end of the trading day on Thursday, March 27, 2025, and customary
brokerage charges may apply to these transactions. The last day of
trading for both Funds will be March 27, 2025. The Funds will
liquidate on or around March 28, 2025 (the “Liquidation
Date”).
Shareholders who continue to hold shares of a Fund on the Fund’s
Liquidation Date will receive a liquidating distribution with a
value equal to their proportionate ownership interest in the Fund
on the date. Shareholders who receive a liquidating distribution
will generally realize a capital gain or loss equal to the amount
of the net asset value of their shares.
Distribution of liquidation proceeds, if any, to a Fund’s
shareholders may result in a taxable event for shareholders,
depending on their individual circumstances. Shareholders should
consult their own tax advisors about any tax liability resulting
from the receipt of liquidation proceeds.
Press Contact
21Shares: press@21Shares.com
ARK Invest: Shaina Lamb, shaina@dlpr.com
About 21Shares
21Shares is one of the world’s first and largest issuers of
crypto exchange traded products. We were founded to make
cryptocurrency more accessible to investors, and to bridge the gap
between traditional finance and decentralized finance. In 2018,
21Shares listed the world’s first physically-backed crypto ETP, and
we have a six-year track-record of creating crypto exchange-traded
funds that are listed on some of the biggest, most-liquid
securities exchanges globally. In addition to our six-year track
record, 21Shares offers investors best-in-class research and
unparalleled client service.
21Shares is a member of 21.co, a global leader in decentralized
finance. For more information, please visit
www.21Shares.com.
About ARK Invest
ARK Investment Management LLC is a federally registered
investment adviser and privately held investment firm. Specializing
in thematic investing in disruptive innovation, the firm is rooted
in over 40 years of experience in identifying and investing in
innovations that should change the way the world works. Through its
open research process, ARK identifies companies that it believes
are leading and benefiting from cross-sector innovations such as
robotics, energy storage, multiomic sequencing, artificial
intelligence, and blockchain technology. ARK's investment
strategies include Autonomous Technology and Robotics, Next
Generation Internet, Genomic Revolution, Fintech Innovation, Space
Exploration & Innovation, 3D Printing, Israel Innovative
Technology, the overall ARK Disruptive Innovation Strategy, and the
ARK Venture Fund.
For more information about ARK, its offerings, and original
research, please visit www.ark-invest.com. For additional
information regarding ARK's funds, please
visit http://www.ark-funds.com.
The information provided does not constitute a prospectus or
other offering material and does not contain or constitute an offer
to sell or a solicitation of any offer to buy securities or
financial instruments in any jurisdiction, including the U.S. Some
of the information published herein may contain forward-looking
statements and readers are cautioned that any such forward looking
statements are not guarantees of future performance, involve risks
and uncertainties, and actual results may differ. Additionally,
there is no guarantee as to the accuracy, completeness, timeliness
or availability of the information provided and 21.co and its
affiliated entities are not responsible for any errors or
omissions. The information contained herein may not be considered
as economic, legal, tax or other advice and viewers are cautioned
not to base investment or any other decisions on the content
hereof.
Important Information
Investors should consider the investment
objectives, risks, charges and expenses carefully before investing.
For a prospectus or summary prospectus with this and other
information about the Funds, please call: (646) 370-6016 or visit
our website at: www.21Shares-funds.com Read the prospectus or
summary prospectus carefully before investing.
Investments involve risk. Principal loss is
possible. Bitcoin, Bitcoin Futures, Ethereum, and Ethereum Futures
are relatively new investments, which have unique and substantial
risks and which may be more volatile than other types of
investments. The value of an investment in the Funds could decline
significantly and without warning, including to zero. You may lose
the full value of your investment within a single day. If you are
not prepared to accept significant and unexpected changes in the
value of the Funds and the possibility that you could lose your
entire investment in the Fund you should not invest in the Funds.
The performance of Bitcoin Futures and/or Ethereum Futures may
differ from the performance of bitcoin and/or ethereum
respectively. Derivatives Risk: The Funds use of derivatives (in
the form of Bitcoin and Ethereum Futures) presents risks different
than investing directly in traditional securities. Using
derivatives can lead to losses because of adverse movements in the
price or value of the underlying reference asset, which may be
magnified by features of the derivatives. New Fund Risk: The Funds
are newly organized, non-diversified management investment
companies with no operating history. There can be no assurance that
the Funds will grow to or maintain an economically viable size, or
that an active trading market for the Funds shares will develop or
be maintained.
The Fund does not invest directly in bitcoin,
ether or other digital assets or maintain direct exposure to “spot”
bitcoin or ether.
ARK Invest 21Shares ETFs are distributed by
Quasar Distributors, LLC.
21Shares US LLC is the investment adviser to the ARK 21Shares
ETFs.21Shares is not affiliated with Quasar Distributors,
LLC.21Shares is not affiliated with ARK Investment Management
LLC21Shares is not affiliated with Empowered Funds, LLC dba EA
Advisor
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