21SharesNew Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
21Shares will implement a 1-for-10 reverse stock split for the 21Shares 2x Long Dogecoin ETF (TXXD) after the market close on or after Sept. 4, 2026. Every 10 existing shares will be consolidated into one, reducing shares outstanding by about 90% while increasing NAV and the next opening market price by roughly 10x. TXXD will begin trading on a split-adjusted basis on or after Sept. 8, with its ticker unchanged but a new CUSIP. Fractional shares will be redeemed for cash at split-adjusted NAV, which may create taxable gains or losses for affected investors.
At a glance
- Beat
- Fund Updates
- Issuer
- 21Shares
- Region
- United States
- Filed
- 12 August 2026
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