TechFlow news — On January 16, 2023, the board of VanEck ETF Trust approved the liquidation and dissolution of the following fund: VanEck Bitcoin Strategy ETF (XBTF), traded on CBOE. Shareholders of the fund may sell their shares on the fund's listed exchange prior to market close on January 30, 2024 (which may incur broker-dealer trading fees).
VanEck stated that it continuously monitors and evaluates its ETF products, including performance, liquidity, assets under management, and investor interest. Based on an analysis of these factors and other business considerations, the decision was made to wind down and terminate the fund.
The fund's shares will cease trading on the listed exchange after market close on January 30, 2024, and will subsequently be delisted. Shareholders holding shares at the time of liquidation will receive a cash distribution equal to the net asset value of their shares on the fund's liquidation date (expected to occur on or before February 6, 2024). The liquidation proceeds are expected to be distributed to shareholders on or before February 6, 2024.
