TechFlow reported on March 16, according to Coindesk, that cryptocurrency asset management firm 21Shares plans to liquidate two actively managed exchange-traded funds linked to Bitcoin and Ethereum futures amid a broad market downturn: the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). Investors can trade shares until market close on March 27, with liquidation expected around March 28.
The decision comes after spot Bitcoin ETFs listed in the U.S. saw outflows of $1.66 billion this month.
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