Exchange Traded Concepts to Liquidate MUSQ Global Music Industry Index ETF
Exchange Traded Concepts Trust has approved the termination and liquidation of the MUSQ Global Music Industry Index ETF (NYSE: MUSQ), which is expected to cease operations on October 23, 2026. The Fund will close for new creation units on October 19, with its final day of trading scheduled for October 20, 2026. Shareholders may face limited liquidity during the closing period and should be aware that customary brokerage charges could apply to transactions in this time frame. In preparation for liquidation, the Fund will manage assets to facilitate an orderly process by raising cash or investing in highly liquid securities. This shift means it might no longer follow its stated investment strategy, potentially affecting its ability to meet its objectives. On the Liquidation Date, remaining shareholders will receive pro rata distributions of the Fund's net asset value after accounting for liquidation costs and any accrued capital gains.
Topics: ETF closure fund termination liquidation