Tuttle to Liquidate Bitcoin Covered Call and Magnificent 7 Income ETFs

Tuttle Capital will liquidate the Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) and the Tuttle Capital Magnificent 7 Income Blast ETF (MAGO) after their board approved plans to close both funds. The adviser cited limited asset growth prospects, ongoing operating costs, and its decision to stop subsidizing expenses. Both ETFs will stop accepting new investments and delist after the market closes on July 10, with liquidation expected on or about July 17, 2026. As the portfolios are wound down, the funds may hold more cash and no longer pursue their stated investment objectives.