21Shares has announced plans to liquidate two of its actively managed exchange-traded funds (ETFs) focused on Bitcoin and Ether futures due to a prolonged downturn in the cryptocurrency market. The decision comes in light of the adverse conditions that have affected the performance and interest in these specific ETFs. This action signifies a shift in the investment landscape for cryptocurrency futures, reflecting broader market challenges and investor sentiment. The ETF industry, particularly concerning cryptocurrencies, has faced significant fluctuations, leading to difficult decisions for fund managers aiming to maintain sustainable operations. Industry observers suggest that the liquidation of these ETFs may set a precedent for other funds facing similar market pressures. While 21Shares has previously been a prominent player in the space, the ongoing market downturn raises questions about the viability of actively managed cryptocurrency futures products moving forward. Investors and analysts alike will be watching closely to see how this move impacts the overall market dynamics and the future of cryptocurrency-based investment vehicles.

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