PANews reported on March 14 that according to Globenewswire, 21Shares US LLC announced plans to liquidate two Bitcoin futures and Ethereum futures ETFs, namely ARK 21Shares Active Bitcoin Ethereum Strategy ETF (Cboe BZX: ARKY) and ARK 21Shares Active On-Chain Bitcoin Strategy ETF (Cboe BZX: ARKC). Shareholders can sell their holdings of the funds before the end of the trading day on Thursday, March 27, 2025, and such transactions may be subject to regular brokerage fees. The last trading day of both funds is March 27, 2025. The funds will be liquidated around March 28, 2025. Shareholders who continue to hold fund shares on the fund liquidation date will receive a liquidation distribution equal to their equity ratio in the fund on that day. Shareholders who receive liquidation distributions will generally realize capital gains or losses equal to the net asset value of their shares.

In addition, 21Shares said that the move was based on a routine review of the company's product lineup to ensure that it is in line with market dynamics, customer needs and the mature digital asset landscape. 21Shares and fund investment sub-advisor ARK Invest remain loyal partners and look forward to advancing regulated cryptocurrency products in the U.S. market.