CoinShares Bitcoin and Ether ETF (BTF) liquidation

The CoinShares Bitcoin and Ether ETF (BTF), a fund tied to BTC and ETH futures, is being liquidated. Creations stop after the close on October 20, 2026, and trading is halted before the open on October 21, 2026.

What is happening

CoinShares is winding down BTF, an exchange-traded fund that invested in Bitcoin and Ether futures, with the two assets held in approximately equal weights. According to the fund's listing in a NerdWallet overview of Bitcoin ETFs, the liquidation follows a two-step timetable.

First, the creation of new fund shares ends after the market close on October 20, 2026. Second, trading in BTF is halted before the market open on October 21, 2026, so the fund will no longer be available on the exchange from that point.

BTF is a futures-based product rather than a spot fund, meaning it did not hold Bitcoin or Ether directly. The same source lists its fee at 1.27%, which is higher than most spot Bitcoin ETFs, whose fees in the same table range from 0.14% to 1.50%. The source does not describe the reasons for the liquidation or the details of how remaining shareholders will be paid out.

Why it matters

For anyone holding BTF shares, the key point is that the fund will stop trading on October 21, 2026. Holders who want to exit through the market have until the close on October 20 or earlier, and should check the fund's official notices and their broker's guidance for how any remaining positions will be handled. The sources reviewed here do not specify a payout date for BTF.

For traders and the wider market, the closure is a small event. It removes one of the few funds offering combined Bitcoin and Ether futures exposure in a single ticker, though similar products from other issuers, such as ProShares' Bitcoin and Ether funds, remain listed in the same overview. The event concerns a single fund product and not the underlying assets, BTC and ETH, which continue to trade independently of the liquidation.

Key details

• Date: Creations stop after the close on October 20, 2026; trading halted before the open on October 21, 2026
• Project: CoinShares
• Coins: BTC, ETH
• Category: Delisting
• Status: Confirmed
• Source: https://www.nerdwallet.com/investing/learn/spot-bitcoin-etf