Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-crypto.com
March 15, 2025 at 18:05
Bitcoin and Ethereum Market Realignments: 21Shares Concludes Operations of ARKC and ARKY ETFs
21Shares has decided to liquidate two of its exchange-traded funds (ETFs) dealing with bitcoin and ether futures, named ARKC and ARKY, in response to a broader market downturn and poor fund performance. The targeted ETFs for closure, exhibiting significant declines with ARKY at -25.15% and ARKC at -16.05% year-to-date, will cease trading by March 27, with liquidation actions occurring shortly after. This decision aligns with ongoing strategic adjustments, emphasizing a realignment of 21Shares' product offerings within the volatile cryptocurrency markets. Although the broader crypto market is facing a downturn, with significant outflows recorded and prices of major cryptocurrencies like Bitcoin falling by over 12.8% year-to-date, 21Shares continues its collaborative efforts with ARK Invest in other crypto-centric investment initiatives. Despite Ethereum's decrease in trading volume, it maintains a robust market capitalization, suggesting a phase of market consolidation. Overall, the adjustments at 21Shares highlight the rapidly changing dynamics and challenges within the crypto investment sector.
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