21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin ( BTC ) and Ethereum ( ETH ) futures. Specifically, it will liquidate the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF, both trading on Cboe BZX. The last day to buy or sell shares of these ETFs is March 27. On March 28, both will be officially liquidated. Shareholders who don’t sell until the date will receive cash based on the value of their shares when the fund closes. The reason for shutting down these funds is that they no longer fit 21Shares’s strategy, given the current market and customer needs. Despite closing these two funds, 21Shares and ARK Invest are still committed to offering crypto investment products in the US. You might also like: 21Shares lists Bitcoin Ethereum Core ETP ABBA on Xetra and cuts down management fee ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) invests both in Bitcoin and Ethereum futures contracts . The aim of the fund is to outperform holding both assets over a market cycle. Its year-to-date return has been negative at -25.15%. ARK 21Shares Active On Chain Bitcoin Strategy ETF (ARKC) invests in Bitcoin futures contracts and cash equivalents, aiming to outperform Bitcoin by leveraging standard financial analysis models and on-chain valuation models. Its year-to-date return is also negative at -16.05%. You might also like: 21Shares moves forward with Polkadot ETF filing as DOT holds the $4 support
