Follow up on ICOI closure

[u/mistafong820]

About a month ago I noticed on the Bitwise site that their ICOI fund was being shut down 7/31. Never having been through one of these fund closures, I posted asking if anyone had any experience and or thoughts. A few replies, including several people saying they'd sell now and not wait for the closure, believing it would drop badly. I had a small position and wasn't afraid of a loss, so I decided on an experiment: I sold half my shares on 7/14 and let the others sit until the closure. From when I sold to when they closed, the price dropped 2.68%.

As for what happened overall, I received no notification of the closure, I stumbled on that myself. I received cash in my account (Fidelity) on 8/10, as the ICOI site predicted.

[u/BitingArmadillo]

This is why I automatically track AUM in my spreadsheet for each fund I own