SRN Advisors, LLC to Close and Liquidate the Siren DIVCON Leaders Dividend ETF (LEAD) and Siren NexGen Economy ETF (BLCN)

Rhea-AI Summary

SRN Advisors will close and liquidate the Siren DIVCON Leaders Dividend ETF (LEAD) and Siren NexGen Economy ETF (NASDAQ: BLCN), both series of Siren ETF Trust.

Shares can be sold or redeemed through July 14, 2026, with liquidation expected on or around July 21, 2026. Remaining shareholders will receive taxable liquidating distributions reflecting liquidation costs.

Positive

• Clear liquidation timeline with trading through July 14, 2026
• Shareholders on liquidation date receive pro rata distribution including accrued income and capital gains
• Option to sell on exchange or redeem creation units before liquidation
• Unsalable assets and unresolved liabilities moved to liquidating trust for shareholders’ benefit

Negative

• LEAD and BLCN ETFs are being closed and liquidated
• Market for Fund shares is not assured before July 14, 2026
• Funds may deviate from stated strategies before liquidation, increasing tracking error
• Liquidation is generally a taxable event for taxable-account shareholders
• Fund NAV on liquidation date reflects liquidation costs, reducing proceeds
• Liquidation proceeds may differ from amounts realized by selling before liquidation

News Market Reaction – BLCN

-0.98%

-0.98% Session close to close

In the Jul 2 session, BLCN declined 0.98%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HUNTINGDON VALLEY, Pa., July 1, 2026 /PRNewswire/ -- The Board of Trustees of Siren ETF Trust (the "Trust") has determined to close and liquidate the Siren DIVCON Leaders Dividend ETF (CBOE: LEAD) and Siren NexGen Economy ETF (NASDAQ: BLCN), each of which is a series of the Trust (each, a "Fund").  SRN Advisors, LLC ("SRN" or the "Adviser") serves as the investment adviser to the Funds.

The primary listing exchange for the Siren DIVCON Leaders Dividend ETF is Cboe BZX Exchange, Inc., and the primary listing exchange for the Siren NexGen Economy ETF is The NASDAQ Stock Market LLC. The Funds will accept redemptions of creation units, and shareholders will be able to sell shares of their respective Fund on the Fund's primary listing exchange, until the close of trading on July 14, 2026. Customary brokerage charges may apply to such transactions. Shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for each Fund's shares. Each Fund will liquidate on or around Tuesday, July 21, 2026 (the "Liquidation Date").

In anticipation of the liquidation of each Fund, the Adviser will manage each Fund in a manner intended to facilitate its orderly liquidation, such as by holding cash or making investments in other highly-liquid assets. As a result, effective immediately, all or a portion of each Fund may not be invested in a manner consistent with the Fund's stated investment strategies, which may prevent the Fund from achieving its investment objective.  The Siren DIVCON Leaders Dividend ETF is likely to experience higher tracking error than is typical for the Fund.

Shareholders who continue to hold shares of a Fund on the Liquidation Date will receive a liquidating distribution with a value equal to their proportionate ownership interest in such Fund on that date. This liquidating distribution received by a shareholder may be in an amount that is greater or less than the amount a shareholder might receive if they sell their shares before the Liquidation Date. Any assets of which the Funds are unable to dispose and any unresolved liabilities of a Fund as of the Liquidation Date will be contributed to a separate liquidating trust, and the beneficial interests of the liquidating trust will be distributed pro rata to each Fund's shareholders. 

The liquidation distribution amounts will include any accrued income and capital gains and will generally be a taxable event for shareholders investing through taxable accounts. You should consult your personal tax advisor concerning your particular tax situation. The net asset value of a Fund on the Liquidation Date will reflect costs of liquidating the Fund. Shareholders will receive liquidation proceeds as soon as practicable after the Liquidation Date.

For additional information, please call 866-829-5457 or visit www.sirenetfs.com.

About SRN Advisors, LLC

SRN is an ETF sponsor and investment adviser. SRN seeks to identify companies that can be put into ETF portfolios designed to give retail and institutional investors key, focused opportunities, with the continued goal of lower costs than the peer universe.

Carefully consider each Fund's investment objectives, risks, charges and expenses before investing. For this and other important information, obtain a statutory prospectus by calling 866-829-5457 or visiting www.sirenetfs.com. Read the prospectus carefully before investing.

An investment in each Fund is subject to investment risk, including the possible loss of principal. Fund shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and expenses will reduce investment returns. There can be no assurance that an active trading market for Fund shares will be developed or maintained. The risks associated with each Fund are detailed in the prospectus and could include factors such as:

• Siren DIVCON Leaders Dividend ETF: Market Risk, Large Capitalization Risk, Investment Style Risk, Industrials Sector Risk, Technology Sector Risk, Financials Sector Risk, Authorized Participants, Market Makers and Liquidity Providers Concentration Risk, Index-Related Risk, Market Trading Risk, Passive Strategy Risk, Quantitative Model Risk, Tracking Error Risk, Investments in Other ETFs Risk and Use of Derivatives Risk
• Siren NexGen Economy ETF: Market Risk, Active Management Risk, Blockchain Technology Risk , Non-Blockchain Technology Business Line Risk, Foreign Issuer Exposure Risk, Emerging Markets Risk, Depositary Receipt Risk, Currency Risk, Large Capitalization Risk, Cryptocurrency Markets Risk, Investment Style Risk, Small-Capitalization and Mid-Capitalization Securities Risk, Geographic Focus Risk, Financials Sector Risk, Technology Sector Risk, Authorized Participants, Market Makers and Liquidity Providers Concentration Risk, Cash Redemption Risk, Market Trading Risk, Liquidity Risk, Valuation Risk, Portfolio Turnover Risk

NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED

Distributor: Foreside Financial Services, LLC, member FINRA, SIPC

Contact
Scott Freeze
CEO – SRN Advisors, LLC
855-713-3837
sfreeze@srnadvisors.com 

View original content:https://www.prnewswire.com/news-releases/srn-advisors-llc-to-close-and-liquidate-the-siren-divcon-leaders-dividend-etf-lead-and-siren-nexgen-economy-etf-blcn-302816312.html

SOURCE Siren ETF Trust

FAQ

When will the Siren NexGen Economy ETF (NASDAQ: BLCN) stop trading and be liquidated?

BLCN will allow share sales on its primary exchange through the close of trading on July 14, 2026. According to SRN Advisors, the Fund is expected to liquidate on or around July 21, 2026, when remaining shareholders receive liquidating distributions.

What options do BLCN and LEAD shareholders have before the July 2026 liquidation?

Shareholders can sell shares on each Fund’s primary exchange or redeem creation units until July 14, 2026. According to SRN Advisors, customary brokerage charges may apply, and there is no assurance of an active market for each Fund’s shares during this period.

How will liquidation distributions for BLCN and LEAD be calculated for shareholders?

Shareholders holding BLCN or LEAD on the Liquidation Date receive a distribution equal to their proportionate ownership interest. According to Siren ETF Trust, amounts include accrued income and capital gains, and the net asset value will reflect the costs associated with liquidating each Fund’s portfolio.

Will the liquidation of BLCN and LEAD be a taxable event for investors?

The liquidation distributions will generally be taxable for shareholders investing through taxable accounts. According to SRN Advisors, the amounts include accrued income and capital gains, so investors are urged to consult a personal tax advisor to understand the specific consequences for their individual situations.

How will BLCN and LEAD be managed in the period leading up to liquidation?

Prior to liquidation, the adviser may hold cash or highly liquid assets to enable orderly wind-down. According to SRN Advisors, this means each Fund may not be invested according to its stated investment strategies, and LEAD is likely to experience higher tracking error than usual.

What happens to any remaining assets or liabilities of BLCN and LEAD after the Liquidation Date?

Any assets the Funds cannot dispose of and unresolved liabilities on the Liquidation Date will go into a separate liquidating trust. According to Siren ETF Trust, beneficial interests in this trust will then be distributed pro rata to each Fund’s shareholders, preserving their economic interests.

How can BLCN and LEAD investors get more information about the 2026 liquidation?

Investors seeking details on the BLCN and LEAD liquidations can call 866-829-5457 or visit www.sirenetfs.com. According to SRN Advisors, these channels provide official information about trading deadlines, liquidation timing, distributions, and other questions relevant to shareholders of the Funds.