Exchange Traded Concepts to Close and Liquidate QRAFT AI-Enhanced U.S. Large Cap ETF (NYSE:QRFT)

Rhea-AI Summary

Exchange Traded Concepts will close and liquidate QRAFT AI-Enhanced U.S. Large Cap ETF (NYSE:QRFT) under a Board-approved Plan of Liquidation.

The fund is expected to cease operations and liquidate on or about July 24, 2026, with trading and creation/redemption deadlines set shortly before that date.

Positive

• Orderly liquidation with cash distributed pro rata to remaining shareholders
• Fund managed into highly liquid assets to help facilitate smooth liquidation
• Final distribution expected to include accrued capital gains and dividends, if any

Negative

• Fund to cease operations and liquidate on or about July 24, 2026
• Last full trading day on NYSE Arca on or about July 21, 2026
• New creation orders stop on July 20, 2026, limiting liquidity for institutional traders
• From July 20, 2026, shareholders may face limited market and customary brokerage charges
• Shares cannot trade in the secondary market between last trading day and liquidation date
• Liquidation distributions are taxable events and will reflect liquidation costs in NAV

News Market Reaction – QRFT

+1.04%

+1.04% Session close to close

In the Jun 30 session, QRFT gained 1.04%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms QRFT’s liquidation on July 24, 2026, with trading expected to end around ...

Analysis

This announcement confirms QRFT’s liquidation on July 24, 2026, with trading expected to end around July 21. Investors face taxable cash distributions at NAV, while concentrated ownership from prior 13G filings highlights liquidity dynamics into the closure.

Key Figures

Liquidation date: July 24, 2026 Creation orders halt: July 20, 2026 Last trading day: July 21, 2026 +5 more

8 metrics

Liquidation date July 24, 2026 Expected fund termination and liquidation date

Creation orders halt July 20, 2026 Fund closed to new creation units

Last trading day July 21, 2026 Last expected day of trading on NYSE Arca

Beneficial ownership 3,691,152 ETF units Schedule 13G/A, Amendment 4 holding by Foundations Investment Advisors

Ownership concentration 60.6% of outstanding class Schedule 13G/A, Amendment 4 for QRFT

Beneficial ownership 2,079,949 units Schedule 13G/A, Amendment 3 position in QRFT

Ownership concentration 64% of outstanding class Schedule 13G/A, Amendment 3 for QRFT

Contact phone 1-855-973-7880 Number provided for prospectus or summary prospectus

Key Terms

plan of liquidation, creation units, net asset value, schedule 13g/a, +1 more

5 terms

plan of liquidation regulatory

"approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation."

A plan of liquidation is a formal outline describing how a company will wind down operations, sell its assets, pay creditors, and distribute any remaining cash to shareholders. It matters to investors because the plan determines the order and amount of payments—like a checklist for emptying a store and splitting the proceeds—which affects how much, if anything, investors and creditors receive and how quickly they will get paid.

creation units financial

"The Fund will be closed to orders for new creation units on July 20, 2026,"

Creation units are large blocks of an exchange-traded fund’s (ETF) shares that big market players can exchange with the fund for the underlying basket of securities, or vice versa. Think of it like a bakery swapping a box of finished cookies for the exact ingredients — this mechanism helps keep the ETF’s market price close to the value of its holdings, supports liquidity, and lets investors buy or sell without large price gaps.

net asset value financial

"As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

View in glossary

schedule 13g/a regulatory

"Schedule 13G/A (Amendment 3) for Exchange Listed Funds Trust – Qraft AI-Enhanced US Large Cap ETF"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

sole dispositive power regulatory

"Disclosed beneficial ownership: 3,691,152 ETF units, equal to 60.6 %... Sole dispositive power over all units;"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

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

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OKLAHOMA CITY, June 30, 2026 /PRNewswire/ -- After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about July 24, 2026 (the "Liquidation Date").

The Fund will be closed to orders for new creation units on July 20, 2026, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about July 21, 2026. From July 20, 2026 through the last day of trading, 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 Fund shares during that time period. Customary brokerage charges may apply to such transactions. From the last day of trading through the Liquidation Date, shareholders will not be able to purchase or sell shares in the secondary market.

In anticipation of the liquidation, the Fund will be managed in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, in preparation for the liquidation, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategy, which may prevent the Fund from achieving its investment objective.

On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs of liquidating the Fund. Once the distributions are complete, the Fund will terminate.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-855-973-7880 or visit our website at www.qraftaietf.com. Read the prospectus or summary prospectus carefully before investing.

The Funds are distributed by Foreside Fund Services, LLC

Investing involves risk, including loss of principal. The Funds are subject to numerous risks including but not limited to: Equity Risk, Sector Risk, Large Cap Risk, Management Risk, and Trading Risk. The Funds rely heavily on a proprietary artificial intelligence selection model as well as data and information supplied by third parties that are utilized by such model. To the extent the model does not perform as designed or as intended, the Fund's strategy may not be successfully implemented and the Funds may lose value. Additionally, the funds are non-diversified, which means that they may invest more of their assets in the securities of a single issuer or a smaller number of issuers than if they were a diversified fund. As a result, each Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. A new or smaller fund's performance may not represent how the fund is expected to or may perform in the long term if and when it becomes larger and has fully implemented its investment strategies. Read the prospectus for additional details regarding risks.

QRAFT AI-Enhanced U.S. Large Cap ETF: Companies in the health care sector are subject to extensive government regulation and their profitability can be significantly affected by restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure (including price discounting), limited product lines and an increased emphasis on the delivery of health care through outpatient services.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

View original content:https://www.prnewswire.com/news-releases/exchange-traded-concepts-to-close-and-liquidate-qraft-ai-enhanced-us-large-cap-etf-nyseqrft-302813996.html

SOURCE Exchange Traded Concepts, LLC

FAQ

When will the QRAFT AI-Enhanced U.S. Large Cap ETF (NYSE:QRFT) be liquidated?

QRFT is expected to cease operations and liquidate on or about July 24, 2026. According to Exchange Traded Concepts, the fund will terminate after liquidating its assets and distributing cash pro rata to all remaining shareholders on or around that date.

What are the key trading deadlines for QRFT before its July 2026 liquidation?

New creation orders for QRFT stop on July 20, 2026, and the last trading day on NYSE Arca is on or about July 21, 2026. After the last trading day, shareholders cannot buy or sell QRFT in the secondary market.

How will QRFT shareholders receive their money from the ETF liquidation?

On or about the liquidation date, QRFT will liquidate its assets and distribute cash pro rata to remaining shareholders. According to Exchange Traded Concepts, these payments will include accrued capital gains and dividends, if any, and represent taxable events.

Will the QRFT liquidation affect the ETF’s investment strategy before July 24, 2026?

Yes. In anticipation of liquidation, QRFT will be managed to raise cash and hold highly liquid assets. According to Exchange Traded Concepts, this may mean the fund is not invested in line with its stated strategy and may not achieve its investment objective.

What trading and liquidity risks might QRFT investors face before liquidation?

From July 20, 2026, shareholders may only be able to sell QRFT shares to certain broker-dealers, and a trading market is not assured. Customary brokerage charges may apply, and no secondary-market trading is possible after the last trading day through the liquidation date.

Are there tax implications for QRFT investors from the ETF liquidation in 2026?

Yes. According to Exchange Traded Concepts, the cash distributions made on or about the liquidation date are taxable events. The payments will include any accrued capital gains and dividends, and the fund’s NAV will reflect liquidation costs.