The performance of Bitcoin, Ethereum & Co. has been rather moderate since the beginning of the year. After drains into billions in billions, the crypto assets administrator 21Shares has now decided to stop two of his actively managed ETFs at the end of March.
• Cryptocurrencies under pressure since the beginning of the year
• 21Shares liquidates two actively managed ETFs
• trading only possible until the end of March
Two actively managed ETFs that are bound to Bitcoin and Ether futures are to be liquidated “on or around March 28”. The crypto asset manager 21Shares recently announced this in a press release. Specifically, this is the ARK 21Shares Active On-Chain Bitcoin Strategy-ETF (ARKC) and the ARK 21shares Active Bitcoin Ethereum Strategy ETF (Arky).
Trade possible by the end of March
Investors now have the option of selling their shares until March 27. 21Shares explains in the corresponding communication: “Shareholders who continue to hold shares in a fund on liquidation day receive a liquidation distribution of their proportionate ownership of the fund on the liquidation day. Share owners who receive a liquidation distribution generally achieve a capital gain or loss of the net inventory value of their shares”.
Bitcoin, Ethereum & Co. under pressure
As a reason, the crypto asset manager stated that liquidation is based on a routine review of the company’s product range to ensure that this corresponds to market dynamics, customer needs and a developing digital asset landscape.
In particular, however, the 21Shares market decline may have caused this, because cryptocurrencies were recently under great pressure. While Bitcoin has lost about 6 percent in value this year, Ethereum even went downhill for Ethereum. Against this background, more than $ 1.6 billion in drains in the United States has also been recorded this month (as of March 24, 2025).
Editor finance.net