CoinShares BTF Liquidation Sets Cash Payout And Earlier Options Expiry

TL;DR: CoinShares’ Bitcoin and Ether ETF has reached cash settlement. An OCC notice confirms the payout and brings later-dated BTF options forward to a November 20 expiry. The closing chapter for CoinShares’ Bitcoin and Ether ETF now comes with a precise cash amount and a deadline for outstanding options. The details matter because a fund can stop trading before every contract linked to it has expired. According to an October 22 notice from the Options Clearing Corporation, liquidation proceeds were distributed at $22.16255605 per BTF share. The adjusted deliverable for a standard options contract is $2,216.26 in cash, replacing its former share-based exposure. The BTF option symbol remains unchanged. That continuity should not be mistaken for continuity in the investment underneath it: the contract now references a defined cash deliverable rather than an operating crypto fund. November 20 Becomes The Final Date For Later Series OCC says series previously expiring after November 20, 2026 will expire on that date instead. Contracts with earlier expirations retain those dates. Existing American-style options remain exercisable before expiry, and exercised contracts continue to settle...