1. Quantify Funds announces liquidation of the APED ETF effective December 22, 2025. 2. All trading will cease, impacting shareholder liquidity and market availability. 3. Shareholders advised to sell shares before liquidation to avoid losses. 4. Remaining assets will be distributed as cash by December 29, 2025. 5. Post-liquidation, APED will be officially terminated along with SPCY and ZIPP.
FAQ
Why Very Bearish?
The closure signifies a lack of investor confidence and severe liquidity issues, reminiscent of past ETF closures which led to significant price drops.
How important is it?
The liquidation affects market participants and signals a pivotal change in ETF viability.
Why Short Term?
Immediate effects on liquidity and trading activity, affecting short-term price performance.
Quantify Funds to Liquidate STKd ETFs: APED, SPCY, and ZIPP
On December 17, 2025, Quantify Funds, in collaboration with Tidal Financial Group, announced the closure and liquidation of three STKd ETFs listed on the Nasdaq: the STKd 100% MSTR & 100% COIN ETF (APED), STKd 100% SMCI & 100% NVDA ETF (SPCY), and STKd 100% UBER & 100% TSLA ETF (ZIPP). This decision, following a thorough review, is deemed necessary to serve the best interests of shareholders.
Closure Timeline and Liquidation Process
All three ETFs will officially cease trading on the Nasdaq at the close of regular trading on Monday, December 22, 2025 (the “Closing Date”). At this time, creation orders will no longer be accepted.
Shareholders have the option to sell their shares prior to the Closing Date through standard brokerage transactions, which may incur typical brokerage fees. However, after December 22, 2025, trading on the secondary market may not be available, and liquidity cannot be guaranteed.
Liquidation Date and Shareholder Distribution
Between the Closing Date and Monday, December 29, 2025 (the “Liquidation Date”), the funds will initiate the liquidation of their portfolios and bolster their cash positions. During this period, the holdings may diverge from each fund’s stated investment objectives.
On or around December 29, 2025, the remaining net assets will be distributed as cash, pro rata, to shareholders of record who have not sold or redeemed their shares prior to liquidation. This distribution will generally be regarded as a taxable event, and shareholders are advised to consult their tax advisors regarding potential capital gains, losses, or other income implications.
Following the final distribution, the ETFs APED, SPCY, and ZIPP will each be formally terminated.
About Tidal Financial Group
Tidal Financial Group, composed of ETF industry pioneers and thought leaders, is committed to modernizing and expanding the ETF ecosystem. Tidal offers a comprehensive suite of services, from product development to distribution, bolstered by proprietary tools and a skilled team dedicated to facilitating innovative investment ideas.
For more information about Tidal Financial Group, please visit www.tidalfinancialgroup.com.