Defiance BMNR Option Income ETF Set to Liquidate in August

Defiance ETFs will close and liquidate the Defiance BMNR Option Income ETF (YBMN) on or about August 21, 2026. The fund is expected to begin selling portfolio holdings around August 13, potentially increasing cash levels and departing from its stated strategy. Trading will be halted before the market opens on the liquidation date, and creation orders will cease beforehand. Remaining shareholders will receive a pro rata cash distribution after assets are sold. The payout may include capital gains and dividends and will generally be taxable, while the fund’s final net asset value will reflect any closure-related costs.