QRAFT AI-Enhanced U.S. Large Cap ETF Liquidation Set July 24
QRFT•Exchange Traded Concepts will terminate QRAFT AI-Enhanced U.S. Large Cap ETF on or about July 24, 2026, with creation unit orders closing July 20 and final NYSE Arca trading on July 21. On liquidation date, assets will be sold and shareholders will receive pro rata cash distributions—taxable and reflecting accrued gains and dividends.
1. Liquidation Timeline and Trading Deadlines
Exchange Traded Concepts recommended and the board approved termination of the Fund, which will cease operations and liquidate on or about July 24, 2026. Creation unit orders close July 20 and last NYSE Arca trading occurs July 21.
2. Management and Investment Strategy Adjustments
From July 20 through liquidation, fund assets will be shifted to cash or highly liquid instruments to facilitate an orderly wind-down, potentially deviating from its AI-driven large cap strategy and stated investment objectives.
3. Distribution Details and Tax Implications
On the liquidation date, assets will be sold and cash distributed pro rata to remaining shareholders, with net asset value reflecting liquidation costs. Distributions will include accrued capital gains and dividends and are taxable events.
4. Shareholder Trading Restrictions and Costs
Shareholders will face restrictions on secondary market transactions after July 21, and may incur brokerage charges when selling to broker-dealers between July 20 and the last trading day, with no assurance of market liquidity during this period.
