21Shares has announced plans to liquidate two of its exchange-traded funds (ETFs) focused on Bitcoin and Ethereum futures: the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC). This decision comes amid a broader market downturn and significant outflows from cryptocurrency ETFs.

Shareholders have until the end of trading on March 27, 2025, to sell their holdings, with the official liquidation scheduled for March 28, 2025. Those who retain their shares until liquidation will receive a distribution based on their proportionate ownership in the fund.

The firm stated that this move results from a routine review of its product lineup to ensure alignment with market dynamics and client needs. Despite the liquidation of these funds, 21Shares and its partner, ARK Invest, remain committed to advancing regulated cryptocurrency products in the U.S. market.

This development highlights the challenges faced by cryptocurrency investment products in maintaining investor interest, especially during periods of market volatility.

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