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ETF Managers Group to close AI Global Macro ETF

ETF Managers Group (ETFMG) has decided to close the Rogers AI Global Macro ETF (BIKR) based on an ongoing review of market demand. 

Effective immediately, BIKR will increase its cash holdings in contemplation of liquidation, will no longer accept creation orders, and will no longer seek to track the Fund’s underlying index.

Trading will be suspended on the NYSE Arca at the closing of the market on 12 July, 2019. Proceeds of the liquidation are scheduled to be sent to shareholders on or before 17 July, 2019. 

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