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Defiance announces liquidation of 8 Ethereum leveraged ETF products including ETHI
【Crypto World】There is a significant market development—Defiance has announced the closure of its Nasdaq-listed Ethereum ETF product ETHI. This fund originally tracked Ethereum’s leveraged long and yield strategies and is now facing liquidation.
Not only ETHI, but Defiance has also decided to liquidate eight related products at once. In addition to ETHI, there are PLT, HOOI, SMCC, AMDU, HIMY, TRIL, LLYZ—all of which are ETFs employing leveraged long and yield enhancement strategies.
What is the reason behind this wave of adjustments? It could be due to declining demand for such high-leverage products or strategic shifts within the company. Investors holding these products should quickly understand the liquidation schedule and redemption mechanisms to prepare for reallocation of funds.