SUMMIT, N.J., July 03, 2023--ETF Managers Group, LLC (ETFMG) announced today that the Board of Trustees of the ETF Managers Trust has decided to close the ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA) based on an ongoing review of market demand. Effective immediately, BSEA will increase its cash holdings in contemplation of liquidation, will no longer accept creation orders, and will no longer seek to implement the Fund’s principal investment strategy.
Is the worst over for the global shipping industry?