21shares to liquid the active bitcoin and ether futures ETF in the middle of the market collapse
The Crypto Asset Manager 21shares set the two actively managed funds exchanged by the exchange (ETF) tied to Bitcoin and Ether futures amid a broader market collapse.
The funds set for extermination are the Ark 21shares active on-chain Bitcoin Strategy ETF (ARKC) and the Ark 21shares active Bitcoin Ethereum Strategy ETF (ARKY). Investors can trade shares until the market closes on March 27, with the expense expected to take place “on or around March 28,” according to A Press release.
Actively managed ETFs, with a cost ratio of 1% and 0.93%, respectively, are scheduled liquid as listed areas listed in the US have seen more than $ 1.66 billion in the flows until this month. Outflows come as cryptocurrency prices go down. Bitcoin drops more than 12.8% year-to-date, while the wider CoinDesk 20 Index (CD20) lost around 24% of its value at the same time.
Shareholders who hold their shares up to the date of extermination will receive payouts equal to their part of the net asset value of the fund, the document added.
Read more: Bitcoin price collapse at $ 80k: Crypto, ETF and Trump Impact market review
