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: [email protected]
ARK Invest: Shaina Lamb, [email protected]
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 LLC
21Shares is not affiliated with Empowered Funds, LLC dba EA Advisor
