{"url":"https://newsforagent.com/news/2026-10-24/coinshares-btf-liquidation-cash-payout","markdown_url":"https://newsforagent.com/news/2026-10-24/coinshares-btf-liquidation-cash-payout.md","title":"CoinShares BTF Fund Pays Out $22.16 Per Share in Cash","headline":"CoinShares BTF Liquidation Pays $22.16 a Share as Options Move to November 20","description":"CoinShares' Bitcoin and Ether ETF paid $22.16255605 a share in cash settlement, with later BTF options expiring November 20, 2026.","section":"Divestitures","published_at":"2026-10-24T14:19:00+00:00","modified_at":"2026-10-24T14:19:00+00:00","author":"News Desk","key_takeaways":["The Options Clearing Corporation set the BTF liquidation payout at $22.16255605 per share in an October 22 notice.","The adjusted deliverable for a standard BTF options contract is $2,216.26 in cash, replacing its former share-based exposure.","BTF series previously expiring after November 20, 2026 will expire on that date instead, while earlier expirations keep their dates."],"companies":[{"name":"CoinShares","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00003ws/coinshares","website":"https://coinshares.com"},{"name":"OCC","is_primary":false,"profile_url":"https://akta.pro/company-profiles/003wc16/occ","website":"https://www.theocc.com"}],"source":{"publisher":"TradingView","title":"CoinShares BTF Liquidation Sets Cash Payout And Earlier Options Expiry","url":"https://www.tradingview.com/news/newsbtc:a2c0ad594094b:0-coinshares-btf-liquidation-sets-cash-payout-and-earlier-options-expiry/"},"other_sources":[],"tags":["Divestitures","CoinShares","OCC"],"body_markdown":"[CoinShares](https://akta.pro/company-profiles/00003ws/coinshares)' Bitcoin and Ether ETF, BTF, has been liquidated and paid out $22.16255605 per share in cash, with later-dated BTF options moved to a November 20, 2026 expiry. [TradingView](https://www.tradingview.com/news/newsbtc:a2c0ad594094b:0-coinshares-btf-liquidation-sets-cash-payout-and-earlier-options-expiry/) reported the payout, citing an October 22 notice from the Options Clearing Corporation. CoinShares is a European-regulated digital asset manager offering physically-backed crypto ETPs, staking products and active strategies, Nasdaq-listed under ticker CSHR since April 2026. The Options Clearing Corporation provides central counterparty clearing and settlement services for options exchanges.\n\n## How the BTF Cash Settlement Works\n\nThe Options Clearing Corporation said liquidation proceeds were distributed at $22.16255605 per BTF share, and the adjusted deliverable for a standard options contract is $2,216.26 in cash, replacing its former share-based exposure. The BTF option symbol is unchanged, though the contract now references a defined cash deliverable rather than an operating crypto fund.\n\nSeries previously expiring after November 20, 2026 will expire on that date instead, while contracts with earlier expirations retain those dates. Existing American-style options remain exercisable before expiry, and exercised contracts continue to settle in one business day. Settlement is based on the difference between the contract's total strike amount and its cash deliverable, ending the delayed-settlement treatment that applied on October 21.\n\nCoinShares announced the closure in September alongside its Altcoins ETF, DIME. October 20 was the final day for share trading and creation or redemption orders, with liquidation planned around October 21. The manager said remaining holders would receive cash based on net asset value after provision for the fund's expenses and liabilities, and its board approved the wind-down following the investment adviser's recommendation. BTF's product information describes a portfolio built primarily around Bitcoin and Ether futures, with cash and high-quality debt supporting the strategy. Its published figures as of October 20 showed approximately $15.96 million in assets.\n\n## CoinShares' Nasdaq Listing and Fund Scale\n\nCoinShares completed a $1.2 billion SPAC merger with Vine Hill Capital Investment Corp. and Odysseus Holdings Ltd. in April 2026, listing on Nasdaq under ticker CSHR and migrating from Nasdaq Stockholm to US public markets, according to akta.pro [company records](https://akta.pro/company-data). The same records show gross assets under management of $7.4 billion as of its FY2025 year-end filing, FY2025 total revenue of $165.7 million, up 6.5% year-over-year, and asset management revenue of $126.4 million, up 13.1%. CoinShares Digital Securities Limited appointed Virtu Financial Ireland Limited as an additional market maker for its crypto exchange traded products programme in June 2026, covering Bitcoin and Ethereum Staking ETPs.\n\n## CoinShares' Run-Up to the Wind-Down\n\nCoinShares reported $434 million in weekly net outflows from digital asset funds after hotter-than-expected US September inflation and retail sales data, TradingView reported in October 2026. CoinShares integrated stablecoin yield strategies into Safe wallets via Railnet while keeping user custody, CoinMarketCap reported the same month. In September 2026, CoinShares announced the closure of BTF and DIME, the step that set the October trading halt and liquidation.\n\n## CoinShares' November 18 Results Date\n\nCoinShares will publish its third-quarter 2026 financial results on November 18, 2026, before U.S. market open, and will host a management webcast and Q&A at 8:00 a.m. ET, Stock Titan reported.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}