SoFi Announces Plan to Liquidate and Close the SoFi Next 500 ETF (SFYX)

Core Viewpoint - Social Finance, Inc. has announced the liquidation and termination of the SoFi Next 500 ETF, following approval from the Board of Trustees of Tidal Trust I at the request of Tidal Investments LLC and SoFi [1] Group 1: Liquidation Plan - The SoFi Next 500 ETF is expected to cease trading on NYSE Arca at the close of regular trading on February 18, 2026, which will be the Final Trading Day [2] - After the Final Trading Day, the Fund will not accept purchase orders and will initiate the liquidation of its portfolio, expected to be completed around February 25, 2026, the Liquidation Date [3] Group 2: Shareholder Impact - Shareholders can sell their shares on the exchange before the Final Trading Day, subject to brokerage commissions and transaction costs [2] - On or about the Liquidation Date, cash will be distributed pro rata to shareholders who hold shares as of the close of business on the Final Trading Day [3] - The liquidating distribution will be a taxable event for shareholders, potentially reflecting accrued capital gains and dividends, and shareholders are advised to consult tax advisors regarding the implications [4]