UPDATE – Tidal Financial Group and CNIC Funds Announces the Closure of the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (NYSE: AMPD)
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Tidal Financial Group and CNIC Funds have announced the closure and liquidation of the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (NYSE: AMPD), as decided by the Board of Trustees of Tidal Trust II.
February 10, 2025 | 10:45 pm
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The CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (NYSE: AMPD) is set to be closed and liquidated, following a decision by the Board of Trustees of Tidal Trust II.
The closure and liquidation of the ETF indicate a negative short-term impact on its value, as investors will need to divest their holdings. The decision by the Board of Trustees suggests that maintaining the ETF is not viable, leading to its closure.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100