Exchange Traded Concepts, LLC has moved to close the QRAFT AI-Enhanced U.S. Large Cap ETF, with the Board of Trustees of Exchange Listed Funds Trust approving the fund's termination and liquidation. The decision, announced June 30, 2026, covers the fund listed on the New York Stock Exchange under the ticker QRFT.
The Decision and Who Made It
Exchange Traded Concepts, LLC, the fund's investment adviser, put the liquidation recommendation forward after what it described as careful consideration. The Board of Trustees of Exchange Listed Funds Trust, the fund's governing body, approved both the termination and the liquidation pursuant to the fund's governing terms. The announcement came via PRNewswire out of Oklahoma City on June 30, 2026.
What the Fund Was
The QRAFT AI-Enhanced U.S. Large Cap ETF, as its name signals, applied artificial intelligence to U.S. large-cap equity selection and traded on the New York Stock Exchange under the ticker QRFT. The fund operated within Exchange Listed Funds Trust, with Exchange Traded Concepts, LLC serving as its investment adviser.
What Investors Can Expect
The announcement did not specify a completion timeline for the wind-down or disclose assets under management. Shareholders holding QRFT should anticipate further disclosures from Exchange Traded Concepts and the Board of Trustees of Exchange Listed Funds Trust as the liquidation proceeds under the fund's governing terms.
The source announcement contained limited detail. This article reports only what was disclosed.