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Exchange Traded Concepts has announced the termination and liquidation of the Optica Rare Earths & Critical Materials ETF (NYSE:CRIT). The fund will cease operations and liquidate on March 21, 2025. Important dates include:
- March 17, 2025: Fund closes to new creation units
- March 18, 2025: Last trading day on NYSE Arca
- March 21, 2025: Final liquidation and cash distribution to shareholders
During the liquidation period, the fund will be managed to facilitate orderly liquidation, potentially deviating from its stated investment strategy. Shareholders may only be able to sell shares to certain broker-dealers from March 17 through the last trading day. The final distribution will include accrued capital gains and dividends, if any, and will be considered a taxable event.
Optica Capital has launched the Rare Earths and Critical Materials ETF (NYSE: CRIT), focusing on companies producing government-mandated essential materials.
The ETF tracks the EQM Rare Earths and Critical Materials Index and aims to support the green energy movement by investing in minerals like lithium and cobalt, critical for electric vehicles and other technologies.
This ETF responds to rising global concerns over supply chain vulnerabilities for these essential materials, reflecting a shift towards environmentally sustainable energy.