Themes ETF Trust to Liquidate and Close Two ETFs: AIRL and FINE

Strategic Insights -

Themes ETF Trust has decided to liquidate and close its two ETFs, AIRL and FINE, citing insufficient investment assets to support their continued operation. The Funds will cease trading on the NASDAQ Stock Market LLC on September 12, 2025, and shareholders will have until September 25, 2025, to sell their shares. The liquidation process will result in the distribution of cash to shareholders, which will be taxable events. The Funds' net asset value will reflect the costs of closing the Fund once the distributions are complete.

Key Takeaways:

  • The Themes ETF Trust Board has decided to liquidate and close two ETFs, AIRL and FINE, due to inadequate investment assets.
  • The Funds will cease trading on the NASDAQ Stock Market LLC on September 12, 2025.
  • Shareholders can sell their holdings in either Fund prior to the Closing Date, but may face customary brokerage charges.
  • Between September 12, 2025, and September 25, 2025, shareholders may only sell their shares to certain broker-dealers, and there is no guarantee of a market for the shares.
  • The Funds will increase their cash holdings, which will result in a mismatch between the Fund's asset value and its underlying index.
  • On or about September 25, 2025, each Fund will liquidate its assets and distribute cash to shareholders, who will have to pay taxes on these distributions.
  • The distributions may include accrued capital gains and dividends, which will also be taxed.
  • Once the distributions are complete, the Funds will terminate.

Statistics:

  • The Funds will cease trading on the NASDAQ Stock Market LLC on September 12, 2025.
  • Shareholders will have until September 25, 2025, to sell their shares.
  • The liquidation process will result in the distribution of cash to shareholders, which will occur on or about September 25, 2025.
  • The distributions will be taxable events.
  • The Funds' net asset value will reflect the costs of closing the Fund once the distributions are complete.
  • The total value of the Funds' assets that will be distributed to shareholders is not specified.

Sources:

  • "Themes ETF Trust Press Release" (no date specified in the original text)
  • NASDAQ Stock Market LLC (no reference in the original text)