CoinShares' BTF has entered cash settlement, and its options contracts have been adjusted to cash delivery.

CoinShares' BTF has entered the cash liquidation phase, with each share receiving $22.16255605, and the underlying asset of the standard options contract adjusted to $2216.26 in cash. OCC has brought forward the expiration date of options expiring after November 20, 2026, to November 20, with settlement occurring one business day after exercise for American-style options. BTF ceased trading and redemption on October 20, with assets totaling approximately $15.96 million as of that date.