VanEck: Will Close and Liquidate Bitcoin Strategy ETF Product

Odaily News 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 funds: VanEck Bitcoin Strategy ETF (XBTF), trading platform CBOE. Shareholders of the Fund may sell their shares on the Funds listed exchange prior to market close on January 30, 2024 (broker-dealer transaction fees may apply). The Funds shares will no longer trade on the listed exchange after the market closes on January 30, 2024, and will subsequently be delisted. Stockholders holding shares of the Fund will receive a cash liquidation distribution equal to the net asset value of their shares on the Fund’s liquidation date, which is expected to be on or before February 6, 2024. Liquidation proceeds are expected to be sent to shareholders on or before February 6, 2024. (Businesswire)