NEW YORK–(BUSINESS WIRE)–VanEck announced today that it plans to close and liquidate one of its VanEck ETFs.
On January 16, 2023, the Board of Trustees of VanEck ETF Trust approved the liquidation and dissolution of the following fund (the “Fund”):
ETF Name
Ticker
Exchange
VanEck Bitcoin Strategy ETF
XBTF
CBOE
As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management, and investor interest, among others. The decision was made to liquidate the Fund based on an analysis of these factors and other operational considerations.
Shareholders of the Fund may sell their shares on the Fund’s listing exchange until market close on January 30, 2024 (transaction fees from their broker-dealer may be incurred). The Fund’s shares will no longer trade on the listing exchange after market close on January 30, 2024, and the shares will subsequently be de-listed. S
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