If you are an eToro user and you have invested in the VanEck Russia ETF (RSX), you may have recently received an email from eToro stating that the ETF has been delisted from the Chicago Board Options Exchange.

The email explains that the decision was made due to VanEck’s announcement that it will liquidate its assets, which are not affected by sanctions, and close the ETF. The liquidated assets will be paid out to RSX investors as a cash dividend, with a liquidation value of $0.03 USD per share.

The email goes on to explain that the effect of this delisting will depend on whether you hold a real asset or a CFD. If you hold REAL positions, they will remain open due to sanctioned stocks within the ETF, and the cash dividend will be added to your available balance.

However, if you hold CFD positions, they will be closed at 0. It is important to note that the closure of CFD positions will take place on 22/2/23.

The eToro team assures its clients that they strive to inform them of delistings as soon as possible, providing the maximum timeframe to manage their positions as they see fit. If you have any questions or concerns, you can open a ticket with eToro’s Customer Service team.

It is always important to stay up-to-date with the status of your investments, and this email from eToro serves as a reminder of the potential risks and changes that can occur in the financial markets. Delistings and liquidations can happen for various reasons, and it is crucial to stay informed about the impact they may have on your investments.

AND WHAT DO YOU THINK? WHAT WILL HAPPEN TO OUR INVESTMENTS ON 2/22/23?

Dear….,

An ETF you are invested in has been delisted.

The Chicago Board Options Exchange has recently announced that it will begin the delisting of VanEck Russia ETF (RSX).

This decision was influenced by VanEck’s recent announcement to liquidate its assets (not affected by sanctions) and close the ETF. The liquidated assets will be paid out to you and other RSX investors as a cash dividend.

The liquidation value given by VanEck for this dividend is $0.03 USD per share.

What this means for your positions

The effect this delisting will have on your positions will depend on whether or not you hold a real asset or a CFD.

If you hold REAL positions, they will remain open due to sanctioned stocks within the ETF, and we’ll add the cash dividend to your available balance.

If you hold CFD positions, they will be closed at 0.

There are two things you should note:

The (REAL) VanEck Russia ETF will display a rate of 0.001 on the eToro platform following its delisting from the exchange.

The closure of CFD positions will take place on 22/2/23.

We’d like to assure you that we strive to inform our clients of delistings as soon as possible, providing the maximum timeframe in which to manage your positions as you see fit.

If you have any questions or concerns, feel free to open a ticket with our Customer Service team.

Sincerely,

The eToro Team