VanEck closes Bitcoin strategy ETF, announces liquidation.

Jafar224

On January 17, VanEck announced plans to close and liquidate one of its VanEck ETF products. On January 16, 2023, the board of directors of VanEck ETF Trust approved the liquidation and dissolution of the following fund: VanEck Bitcoin Strategy ETF (XBTF), traded on the CBOE platform.

Shareholders of the fund can sell their shares on the fund's listed exchange until market close on January 30, 2024 (subject to potential broker-dealer transaction fees). The fund's shares will no longer trade on the listed exchange after market close on January 30, 2024, and will subsequently be delisted.

Shareholders holding the fund's shares will receive a cash liquidation distribution equal to the net asset value of their shares on the fund's liquidation date, expected on or before February 6, 2024. The proceeds from the liquidation are anticipated to be sent to shareholders on or before February 6, 2024.

Kapil334

Are these products also going to be delisted?

Shri333

You can check it out.

Ritu77

It is one of the few trading platforms available.

Iravan774

What type of product is the Bitcoin strategy?

977Iti

Not secure.