From Investing.com:

VanEck confirms liquidation of its Strategy ETF, XBTF, in preparation for the launch of a spot Bitcoin ETF approved by SEC. Shareholders must sell holdings by January 30, with a cash settlement for those who don’t. ETF will be removed from Cboe BZX Exchange on February 6. Investors warned of potential tax implications.

VanEck’s decision to liquidate its Strategy ETF, XBTF, reflects a strategic shift in response to the evolving regulatory and investment landscape. The move comes after gaining approval from the U.S. SEC to launch a spot Bitcoin ETF. Shareholders must divest holdings by January 30 to avoid tax implications. The ETF will be removed from the Cboe BZX Exchange on February 6.



Read more: VanEck to liquidate Bitcoin Strategy ETF following SEC nod By Investing.com