iShares Bitcoin Trust ETF - IBIT STOCK NEWS

Exchange Traded Concepts, LLC has announced the termination and liquidation of the PSYK ETF, effective on or around March 28, 2023. The Fund will cease operations following a recommendation by its investment adviser and approval from the Board of Trustees. Shareholders will be unable to purchase new creation units starting March 21, 2023, and the last trading day for PSYK shares on NYSE Arca is set for March 27, 2023. Liquidation will involve distributing cash to shareholders, which will be a taxable event, including accrued capital gains and dividends.

The Carbon Strategy ETF (NYSE: KARB) will ring the Closing Bell at the New York Stock Exchange on February 7, 2023. KARB focuses on providing exposure to global compliance carbon markets and aims to track the Carbon Streaming BITA Compliance Index through liquid carbon allowance futures contracts. Tim Collins, President of Carbon Fund Advisors, emphasizes KARB's role in providing access to previously inaccessible carbon markets, aligning with global efforts to lower carbon footprints. Justin Cochrane, CEO of Carbon Streaming Corporation (OTCQB: OFSTF), highlights the ETF's potential for ESG-driven investors amid renewed climate commitments following the Paris Agreement.

The Board of Trustees of ETF Series Solutions has decided to liquidate the Defiance Digital Revolution ETF, effective after market close on February 28, 2023. Starting February 16, 2023, the Fund will begin liquidating its portfolio, altering its investment strategy towards cash holdings. New creation unit orders will be halted prior to the Liquidation Date, and trading will be suspended on that day. Shareholders can expect cash distributions reflective of the Fund's net asset value, including accrued gains, but these will be taxable events. Investors should consult tax advisors regarding potential tax consequences.

Carbon Streaming Corporation (OTCQB: OFSTF) reported a net loss of $2.4 million for Q1 2023, with an adjusted net loss of $5.3 million. The company ended the quarter with $72.7 million in cash and no corporate debt. Major developments include new carbon credit agreements, including the FCG Amazon Portfolio Royalty and the Nalgonda Rice Farming Stream. The company is focused on diversifying its portfolio, which consists of over 20 projects generating carbon credits. An update call is scheduled for November 14, 2022.

Carbon Fund Advisors has launched the Carbon Strategy ETF (NYSE: KARB), targeting global compliance carbon markets. The ETF aims to offer exposure to carbon allowance futures, addressing barriers that prevent investors from accessing these markets directly. The global compliance carbon markets surged in value from 186 billion euros in 2018 to 760 billion euros in 2021. The ETF will focus on heavily traded markets in Europe and North America, including EUAs and CCAs. This initiative coincides with a rising demand for emissions trading systems amid climate change regulations.

Defiance has launched the Defiance Daily Short Digitizing the Economy ETF (IBIT), targeting short positions in companies affected by the ongoing crypto winter. The ETF will short the Amplify Transformational Data ETF (BLOK), which focuses on blockchain and crypto firms. CEO Sylvia Jablonski emphasized the need for downside protection through shorting positions in major players like Coinbase and Roblox, especially amidst rising layoffs and revenue losses in the sector. Defiance aims to provide investors with a dynamic tool for navigating a challenging market environment.