UP Fintech Asset Management Announces Closure of UP Fintech China-U.S. Internet Titans ETF
NEWTOWN SQUARE, Pa., Nov. 2, 2020 /PRNewswire/ -- The Board of Trustees of the TIGERSHARES Trust has decided to liquidate and close the UP Fintech China-U.S. Internet Titans ETF (TTTN) (the "Fund"), based on the recommendation of the Fund's adviser, Wealthn LLC (d/b/a UP Fintech Asset Management ("Wealthn")), and Wealthn's parent company, UP Fintech Holding Limited. This recommendation is based on a determination that, in light of an ongoing review of market demand, the Fund's continued operation is not in the best interests of the Fund's shareholders.
The Fund will cease trading on the Nasdaq Stock Market LLC ("Nasdaq") and will be closed to purchase by investors as of the close of regul