Amid a significant market downturn, 21Shares plans to liquidate two of its actively managed ETFs focused on bitcoin and ether futures. The ETFs in question are the ARK 21Shares Active On-Chain Bitcoin Strategy ETF and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF. Trading of these ETFs will cease at the market close on March 27, with liquidation scheduled for around March 28. The expense ratios for these funds are 1% and 0.93%, respectively. This decision comes as U.S.-listed spot bitcoin ETFs have experienced over $1.66 billion in outflows this month. The cryptocurrency market has also seen substantial declines, with bitcoin dropping more than 12.8% year-to-date and the CoinDesk 20 Index losing about 24% of its value over the same period. Shareholders holding shares until the liquidation date will receive a payout based on the fund’s net asset value.
Jacob King
@JacobKinge
·
Feb 26 BREAKING: Bitcoin ETFs see record breaking $937 million outflow amid 6-day negative flow streak.
Just as fast as the ETFs ballooned, will be as fast as they collapse. Institutional money is getting out before the mega-crash below 10K.
We are officially in a bear market.
Joey
@joeygcamp
·
Mar 14 Bitcoin ETFs are getting annihilated
After $2.7B in net outflows in ONE WEEK at the end of feb, they’ve now seen an additional ~$1.5B in outflows.
Someone get Fink back on CNBC
Bilal bin Saqib MBE
@Bilalbinsaqib
·
Feb 26 Bitcoin ETF outflows just hit a record $937M in one day—biggest ever. Institutions are pulling back, and the market is feeling it. Bearish sentiment is growing… is this a dip to buy or a sign of more pain ahead?
EDO FARINA 🅧 XRP
@edward_farina
·
Feb 28 99% of Crypto Will Go to ZERO – The Cycle That Changes Everything
Bitcoin ETFs just saw their largest outflow since launch with over $423 million withdrawn in the last 24 hours. Meanwhile, the U.S. government is tightening stablecoin regulations, directly threatening
jeanne.k
@jeannekong
·
Mar 12 blackrock issue SERIOUS warning…
$1trillion Bitcoin sell-off…
bearish territory…
MSTR blew $21B buying bitcoin..
bitcoin down again..
bitcoin filled yet another cme gap..
shd do this ytrday for greater effect but today is good enuf
let’s come back to this in abt 8-10weeks
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