21Shares plans to liquidate Bitcoin spot ETF ARKC and Ethereum futures ETF ARKY

Odaily Planet Daily News: Crypto asset management company 21Shares plans to liquidate two actively managed exchange traded funds linked to Bitcoin and Ethereum futures, ARK 21Shares Active On Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY), amid a widespread market downturn. Investors can trade shares before the market closes on March 27th, and liquidation is expected to take place around March 28th. It is reported that the decision was made after the outflow of $1.66 billion from the US listed spot Bitcoin ETF this month. （Coindesk）