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SRN Advisors, LLC to Close and Liquidate the Siren DIVCON Leaders Dividend ETF (LEAD) and Siren NexGen Economy ETF (BLCN)

By The Northwire Desk — AI Analysis Jul 01, 2026 · 18:00 LEAD · 20.45 EVOLVE FUTURE LEADERSHIP FND CAD HEDGD E
LEAD · Price

Executive Summary

  • SRN Advisors, LLC has announced the decision to close and liquidate two ETF series of the Siren ETF Trust: the Siren DIVCON Leaders Dividend ETF (LEAD) and the Siren NexGen Economy ETF (BLCN).
  • The Funds will cease accepting redemptions and trading will halt on July 14, 2026, with the final liquidation date scheduled for on or around July 21, 2026.
  • Shareholders holding shares on the Liquidation Date will receive a pro-rata liquidating distribution based on their ownership interest, which will be a taxable event.

Key Details

  • Funds Involved:
    • Siren DIVCON Leaders Dividend ETF (Ticker: LEAD; Exchange: Cboe BZX Exchange, Inc.)
    • Siren NexGen Economy ETF (Ticker: BLCN; Exchange: The NASDAQ Stock Market LLC)
  • Timeline:
    • July 1, 2026: Announcement date.
    • Until July 14, 2026: Funds will accept redemptions of creation units and shareholders may sell shares on the primary listing exchange.
    • July 14, 2026: Close of trading for both Funds.
    • On or around July 21, 2026: Liquidation Date.
  • Liquidation Process:
    • The Adviser will manage the Funds to facilitate an orderly liquidation, potentially holding cash or investing in highly-liquid assets.
    • This strategy may cause the Funds to deviate from their stated investment objectives and result in higher tracking error.
    • Assets unable to be disposed of or unresolved liabilities will be contributed to a separate liquidating trust, with beneficial interests distributed pro rata to shareholders.
  • Shareholder Impact:
    • Shareholders holding shares on the Liquidation Date will receive a liquidating distribution equal to their proportionate ownership interest.
    • The distribution amount may be greater or less than the value received if shares were sold prior to the Liquidation Date.
    • Proceeds will be distributed as soon as practicable after the Liquidation Date.
    • The distribution includes accrued income and capital gains and constitutes a taxable event for shareholders in taxable accounts.
    • The Net Asset Value (NAV) on the Liquidation Date will reflect liquidation costs.

Notable Quotes

  • "The Board of Trustees of Siren ETF Trust (the 'Trust') has determined to close and liquidate the Siren DIVCON Leaders Dividend ETF (CBOE: LEAD) and Siren NexGen Economy ETF (NASDAQ: BLCN)..."
Read the original news release →