UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On December 20, 2024, Dynamic Shares LLC, the sponsor of the Dynamic Short Short-Term Volatility Futures ETF (the “Fund”) notified the Cboe BZX Exchange, Inc. (“Cboe BZX”) of its decision to voluntarily close, de-list and liquidate the Fund and to withdraw the shares thereof from registration under the Securities Exchange Act of 1934, as amended. Prior to market open on December 30, 2024, shares of the Fund will not be traded on Cboe BZX and there will be no secondary market for the Fund’s shares.
The creation of new shares in the Fund will cease prior to the market open on Monday, December 23, 2024. Secondary market trading in the Fund’s shares will be halted prior to the market open on December 30, 2024. Fund holdings will be liquidated by December 30, 2024, or shortly thereafter. Once the Fund is in the process of liquidating its portfolio, it will not be managed in accordance with its investment objective. Proceeds of the liquidation are scheduled to be distributed to shareholders on or about December 30, 2024 (the “Distribution Date”).
Any shareholders remaining in the Fund on the Distribution Date will automatically have their shares redeemed for cash at the net asset value as of the liquidation date. The cash distribution will be deposited into the cash portion of shareholders’ brokerage accounts. These cash distributions are taxable events, and shareholders should consult their tax advisors about potential tax consequences.
The Sponsor announced the foregoing via a press release dated December 20, 2024. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is hereby incorporated by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release Dated December 20, 2024 | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: | December 20, 2024 | Dynamic Shares Trust | |
| By: | /s/ Weixuan Zhang | ||
| Name | Weixuan Zhang | ||
| Title: | Principal Executive Officer | ||