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Cryptocurrency provider 21Shares has announced its decision to liquidate Bitcoin 
$83,057 and Ethereum 
$1,903 futures ETFs. This decision resulted from a periodic review of its product range and an assessment of market dynamics.
Decision on Bitcoin and Ethereum ETFs
The company aims to target the end of March for the liquidation of two funds: the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF. Shareholders will have the opportunity to sell their shares until the last trading day on March 27. The liquidation process is expected to be completed on March 28.
According to 21Shares, the decision to liquidate aims to better align its existing product range with market conditions and customer needs. This move may be influenced by short-term market fluctuations. Some commentators in the financial sector suggest that the outflows in ETFs could have played a role in this decision.
Competition in Cryptocurrency ETFs
Additionally, it should be noted that ETF activities in the crypto space have been increasing, with several firms introducing new products. For instance, the 0.49% transaction fees applied to 21Shares Bitcoin Ethereum Core ETPs are seen as a step to enhance product competitiveness. On the other hand, companies are exploring different configurations involving metrics related to cryptocurrency asset portfolios.
With the rise in spot ETFs, alternative options on the futures side have also expanded. This situation has led to reduced interest in some crypto futures ETFs that offer hybrid or direct investment opportunities. The increase in alternative options allows issuers to reassess their products, which is not negative for the market. Meanwhile, nearly 40 applications for spot ETF approvals in the altcoin sector are pending, with many decisions expected under the new crypto-friendly SEC administration by November.
In summary, 21Shares’ plan aims at repositioning the relevant products in the market. The company’s approach is seen as a significant strategy to provide diverse options for digital asset investors. Investors may benefit from paying attention to the established timeline when making their decisions.
