21Shares plans to liquidate Bitcoin Spot ETF ARKC and Ethereum Futures ETF ARKY, expected to take place by the end of this month

ChainCatcher reports, according to Coindesk, that cryptocurrency asset management company 21Shares plans to liquidate two actively managed exchange-traded funds tied to Bitcoin and Ethereum futures: ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY), amid a general market downturn. Investors can trade shares before the market closes on March 27, with liquidation expected around March 28.

It is reported that this decision was made after $1.66 billion flowed out of the listed spot Bitcoin ETF in the United States this month.