21shares清算兩個比特幣和以太坊期貨ETF

該決定是在加密貨幣市場困難的時候出現的，其特徵是比特幣投資基金的大量資本流出。

21Shares is liquidating two exchange-traded funds (ETFs) linked to Bitcoin and Ethereum futures amid a period of difficulty for the cryptocurrency market, characterized by significant capital outflows from investment funds on Bitcoin.

21Shares正在清算兩項與比特幣和以太坊期貨相關的交易所交易基金（ETF），這對於加密貨幣市場的困難時期，其特徵是比特幣投資基金的大量資本流出。

The two ETFs that will be closed are the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARCC) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY). Investors will be able to continue trading the shares until the market closes on March 27, 2025, with settlement expected “around March 28.”

將關閉的兩個ETF是ARK 21SHARES主動鏈比特幣策略ETF（ARCC）和ARK 21Shares主動比特幣以太坊策略ETF（ARKY）。投資者將能夠繼續交易股票，直到市場於2025年3月27日關閉，預計在“ 3月28日左右”和解。

The ETFs currently have an expense ratio of 1% and 0.93% respectively, and their closure coincides with the sharp decline in the value of cryptovalute in recent weeks.

ETF目前的費用比分別為1％和0.93％，其關閉與最近幾週的加密貨幣價值的急劇下降相吻合。

Capital outflows from Bitcoin ETFs penalize the market

比特幣ETF的資本流出懲罰市場

One of the main reasons for 21Shares’ decision is the significant outflow from exchange-traded funds on Bitcoin listed in the United States, which reached 1.66 billion dollars in the month of March alone. This phenomenon reflects a broader investor uncertainty towards digital assets, during a bear market period for cryptocurrencies.

21shares決定的主要原因之一是在美國列出的比特幣上的交易所交易資金的大量流出，僅在3月份就達到了16.6億美元。這種現象反映了在熊市的加密貨幣期間，對數字資產的更廣泛的投資者不確定性。

The price of Bitcoin has lost over 12.8% since the beginning of 2025, while the CoinDesk 20 Index, which tracks the performance of the main cryptocurrencies, has recorded a decline of 24% in the same period. The difficulties in the sector have led fund managers like 21Shares to reassess their investment strategies and reorganize their financial product offerings.

自2025年初以來，比特幣的價格跌幅超過12.8％，而跟踪主要加密貨幣性能的Coindesk 20指數在同一時期下降了24％。該行業的困難導致像21shares這樣的基金經理重新評估其投資策略並重組其金融產品。

What happens to investors after the closure of ETFs?

ETF關閉後投資者會發生什麼？

The shareholders who hold their shares until the time of liquidation will receive a payment based on their share of the net asset value of the fund. This means that the amount received will be proportional to the performance of the fund until the closing date.

持有股份直到清算時間的股東將根據其基金淨資產價值的份額獲得付款。這意味著收到的金額將與基金的績效成正比，直到截止日期為止。

The decisions made by companies like 21Shares highlight how the cryptocurrency market is subject to strong volatility and sudden changes in investment management strategies. Investors will therefore need to closely monitor the trend of the sector and carefully evaluate their financial moves.

像21shares這樣的公司做出的決定突出了加密貨幣市場如何遭受強烈的波動和投資管理策略的突然變化。因此，投資者將需要密切監視該行業的趨勢並仔細評估其財務轉移。