Financial organization Tidal Financial Group, in collaboration with Defiance ETFs, announce the shutdown of the BattlesharesTM TSLA vs F ETF product, listed on the NYSE Arca exchange under the symbol ELON.
The BattlesharesTM TSLA vs F ETF (NYSE Arca: ELON), managed by Tidal Investments LLC, is set to undergo liquidation by October 10, 2025. This decision was made by the Board of Trustees of Tidal Trust III.
Tidal Investments LLC, a company formed by ETF industry pioneers and thought leaders, aims to revolutionize the way Exchange-Traded Funds (ETFs) have historically been developed, launched, marketed, and sold. They offer a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market.
The liquidation process will begin between October 6, 2025 and October 10, 2025. During this period, the Fund's portfolio will depart from its stated investment strategy and objective as it begins to liquidate its holdings and increase its cash position.
Shareholders should take note that the Fund will no longer accept creation orders as of October 6, 2025. After this date, shareholders will be unable to buy or sell shares on an exchange.
The final distribution will generally be treated as a taxable event. Cash distributions will be made to shareholders of record on or around October 10, 2025, on a pro rata basis. Shareholders are advised to consult their tax advisers to understand the potential implications related to capital gains, losses, or dividends arising from the liquidation.
After the distribution of net assets is complete, the Fund will officially terminate, marking the end of trading for the BattlesharesTM TSLA vs F ETF.
Tidal Investments LLC is an advocate for ETF innovation and provides issuers with the intelligence and tools needed to efficiently and effectively launch ETFs and to optimize growth potential in a highly competitive space.
Shareholders who wish to sell their holdings in the Fund prior to October 6, 2025, are encouraged to do so before the liquidation process begins. For those who choose to hold their shares, they will receive a cash distribution as part of the liquidation process.
For more information about the BattlesharesTM TSLA vs F ETF liquidation, shareholders are encouraged to contact Tidal Investments LLC or their broker.
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