21shares清算两个比特币和以太坊期货ETF

该决定是在加密货币市场困难的时候出现的，其特征是比特币投资基金的大量资本流出。

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正在清算两项与比特币和以太坊期货相关的交易所交易基金（ETF），这对于加密货币市场的困难时期，其特征是比特币投资基金的大量资本流出。

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.”

将关闭的两个ETF是ARK 21SHARES主动链比特币策略ETF（ARCC）和ARK 21Shares主动比特币以太坊策略ETF（ARKY）。投资者将能够继续交易股票，直到市场于2025年3月27日关闭，预计在“ 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目前的费用比分别为1％和0.93％，其关闭与最近几周的加密货币价值的急剧下降相吻合。

Capital outflows from Bitcoin ETFs penalize the market

比特币ETF的资本流出惩罚市场

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决定的主要原因之一是在美国列出的比特币上的交易所交易资金的大量流出，仅在3月份就达到了16.6亿美元。这种现象反映了在熊市的加密货币期间，对数字资产的更广泛的投资者不确定性。

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年初以来，比特币的价格跌幅超过12.8％，而跟踪主要加密货币性能的Coindesk 20指数在同一时期下降了24％。该行业的困难导致像21shares这样的基金经理重新评估其投资策略并重组其金融产品。

What happens to investors after the closure of ETFs?

ETF关闭后投资者会发生什么？

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.

持有股份直到清算时间的股东将根据其基金净资产价值的份额获得付款。这意味着收到的金额将与基金的绩效成正比，直到截止日期为止。

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这样的公司做出的决定突出了加密货币市场如何遭受强烈的波动和投资管理策略的突然变化。因此，投资者将需要密切监视该行业的趋势并仔细评估其财务转移。