BTF Fund Sets Final Cash Payout at $22.16 Per Share
Shareholders and options holders will see their positions settled in cash following the fund's official wind-down.
Updated on Oct. 24, 2026 in Investing
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The Options Clearing Corporation has confirmed a cash settlement amount of $22.16 per share for liquidated CoinShares BTF fund shares. Investors holding active options contracts will see these positions settle at $2,216.26 per standard contract following the fund's recent closure.
Why it matters
This settlement provides clarity to investors on the final value of their holdings after the CoinShares board moved to wind down the fund. The process ensures that net asset value is returned to shareholders while accounting for all remaining expenses and liabilities.
Shareholders are receiving $22.16 per share, resulting in a cash deliverable of $2,216.26 for a standard 100-share options contract. This follows the final day of trading on October 20 for the $15.96 million fund.
The players
Options Clearing Corporation
The central clearinghouse for equity derivatives that manages the settlement of options contracts for investors.
CoinShares
The investment manager that initiated the wind-down of the BTF fund to return assets to shareholders.
The details
The settlement process calculates the difference between an options contract's total strike amount and the established cash deliverable. Exercised contracts are scheduled to settle in one business day. Because the fund has officially ceased operations, the Options Clearing Corporation has adjusted the expiry date for all affected option series to November 20, 2026.
Timeline
October 20, 2026: The final day for BTF share trading and redemptions occurred.
October 22, 2026: The Options Clearing Corporation issued the official notice of cash distribution.
November 20, 2026: This serves as the final expiry date for all affected BTF option series.
Money Landscape
This fund liquidation marks a conclusion to the manager's strategy to return net asset value to holders. It follows the standard wind-down procedure for exchange-traded funds as the manager exits this specific market position.
Investors holding BTF shares or options should monitor their brokerage accounts for the finalized cash deposits associated with this liquidation. Consult with a qualified financial professional to determine the tax implications of this fund distribution for your specific portfolio.
The takeaway
The liquidation of the BTF fund concludes with a fixed cash settlement, offering a definitive exit for remaining shareholders. Affected investors should confirm these funds have been credited to their brokerage accounts and discuss the capital gains or loss treatment with a tax professional.
Further reading
For more on navigating fund changes, visit our Investing section.
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