21Shares to Shut Down Two Cryptocurrency ETFs Amid Strategy Shift
21Shares has announced the closure of two actively managed cryptocurrency ETFs—ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC)—as part of a strategic shift. Shareholders must sell their holdings by March 27, 2025, before liquidation begins on March 28. Why Are These ETFs Closing? The decision follows…