Tuttle's meme-stock ETF will close about 10 months after it launched

The Tuttle Capital Meme Stock Income Blast ETF, MEMY, will stop trading on Nov. 10, about 10 months after it began operations on Jan. 20. The board of ETF Opportunities Trust approved a plan of liquidation on Thursday, Oct. 29, and the trust filed it with the Securities and Exchange Commission on Friday.

Tuttle Capital Management, the adviser, recommended the plan because of the fund's limited prospects for meaningful future asset growth, the ongoing cost of running it, and "the adviser's desire to no longer subsidize expenses."

At the Nov. 10 close the fund closes to new investment and delists from the Cboe BZX Exchange. Shares will not trade there between that close and the liquidation, expected on or about Nov. 18, and the supplement says there can be no assurance of a market. Holders still in on that date receive what is left after certain liabilities. The supplement says a sale or the liquidation is generally a taxable event.

Tidal Trust I filed Friday to liquidate two more funds, the Intelligent Real Estate ETF, REAI, and the Residential REIT ETF, HAUS. Tidal Investments, the adviser, recommended the closures. The board determined that liquidating each fund was in the interests of the fund and its shareholders.

Holders who want to sell REAI or HAUS on the exchange have until the close on Nov. 9. REAI stops that day on Nasdaq, and HAUS stops the same day on Cboe BZX. After that close, through Nov. 13, the supplement says a holder may be able to sell only to certain broker-dealers, and there is no assurance of a market.

On or about Nov. 13 each fund pays cash to holders who have not sold, then terminates. Between the Nov. 9 close and that payment, the portfolios move to cash and stop following their strategies. The net asset value that day reflects the cost of those sales. The supplement says the liquidation is generally a taxable event.

Closures already announced

The Fidelity Metaverse ETF, FMET, is not a Friday decision. Fidelity announced on Oct. 15 that it would liquidate the fund, with Nov. 12 expected to be the last day of trading on Nasdaq and liquidation on or about Nov. 19. The board of Fidelity Covington Trust had approved the plan on Oct. 14. Friday's supplement restates it.

Shareholders may sell on Nasdaq until the close on Nov. 12. After that the shares will no longer trade there, and remaining shares are redeemed at net asset value on or about Nov. 19. The supplement says those proceeds may be more or less than a sale before the Nov. 12 close. It also says the cost of selling the portfolio comes out of the fund, and that the liquidation can be a taxable event.

Already liquidated

ProShares Trust filed Friday to take 10 funds off its prospectus. The supplement, dated Oct. 30, says that effective Oct. 27 the funds have been liquidated, are no longer traded, and are no longer for sale.

A Sept. 28 supplement had set the plan. The board approved it that day, and Oct. 12 was the last day of trading. Friday's filing records the liquidation as done.

State Street's February close is not a new decision either. State Street announced on Aug. 20 that it would liquidate the State Street SPDR S&P Kensho Intelligent Structures ETF, SIMS, the State Street SPDR S&P Kensho Smart Mobility ETF, HAIL, and the State Street Nuveen Municipal Bond ETF, MBND. Friday's SPDR supplement and municipal-bond supplement restate that plan.

Feb. 17, 2027 is the last day of trading. Each fund liquidates on or about Feb. 23, 2027, the day it ceases operations and prepares to distribute proceeds. The cash distribution is the next day. The August SPDR supplement and the August municipal-bond supplement set that distribution for on or about Feb. 24, 2027. Friday's supplements print Feb. 24, 2026, a date that has already passed. State Street's Aug. 20 release, like those August supplements, puts the close in 2027.

Before the liquidation date, the portfolios add cash and may leave their strategies.

Invesco, Roundhill and Wedbush funds not yet trading

Invesco Actively Managed Exchange-Traded Fund Trust filed Thursday for four funds whose prospectuses are set to become effective Nov. 4. The prospectuses name NYSE Arca. Each sets a management fee that is also the fund's total annual operating expenses.

Roundhill ETF Trust filed Thursday for the Roundhill S&P 500 Defensive Income ETF, DINK. The filing became effective Friday. The prospectus sets total annual operating expenses at 0.49%.

Wedbush Series Trust filed Thursday for the Dan IVES Wedbush AI Autocallable Income ETF, IVEA, with effectiveness set for Nov. 2. The prospectus sets total annual operating expenses at 0.79%. The index comes from the Dan Ives AI 30 Research Report, compiled by Dan Ives, a technology analyst at Yorkville Ives & Co.

None of these funds has commenced operations.