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SoFi and Tidal Announce Upcoming Changes to SoFi ETF Lineup
SoFi and Tidal Financial Group announced the liquidation and closure of five SoFi ETFs: SoFi Weekly Income ETF (TGIF), SoFi Weekly Dividend ETF (WKLY), SoFi Smart Energy ETF (ENRG), SoFi Be Your Own Boss ETF (BYOB), and SoFi Web 3 ETF (TWEB). The decision was made based on the recommendation of the investment advisers, concluding it was in the best interest of the funds and their shareholders. Trading for these ETFs will cease on February 20, 2024, with liquidation proceeds distributed to shareholders around February 23, 2024, which will be a taxable event.