Tuttle Capital Meme Stock Income Blast ETF (MEMY) to Delist and Liquidate

Tuttle Capital Management will voluntarily delist the Tuttle Capital Meme Stock Income Blast ETF (MEMY) from Cboe BZX on November 10, 2026, and liquidate the fund on November 18, 2026. Creation orders will stop after the close on November 10, and shares will no longer trade on the exchange from that point through liquidation; the adviser cautioned that a market for selling shares may not be available.

Analysis

The material risk is a short-dated liquidity and execution problem for MEMY holders, not evidence by itself of deteriorating fundamentals across meme-stock products. Once exchange trading ends, investors may lose the ability to exit at a transparent market price before liquidation; any discount to NAV, broker handling, and timing of proceeds should be checked against the fund’s liquidation notice and prospectus. Between announcement and delisting, secondary-market selling and reduced market-making could widen spreads. The fund may also need to unwind positions, but the scale and spillover to any underlying security cannot be assessed without current AUM, holdings, and liquidity data.

Near term, monitor MEMY’s bid-ask spread and market price versus NAV through November 10. Over the following days, verify the expected distribution date, treatment of fractional shares, and whether the liquidation is cash or in-kind. A broader read-through to competing products is weak absent evidence of material outflows or similar closure announcements; do not infer a sector-wide demand signal from one fund exit. The contrarian point is that liquidation can be orderly and economically neutral for holders who receive net asset value, while the avoidable risk is being trapped in an untradeable position or bearing unexpected execution costs.

Key Decisions for Investors

• Do not initiate a new MEMY position; the remaining potential return is not clearly compensating for a rapidly shrinking exit window and uncertain post-delisting liquidity.
• Existing holders should compare the executable sale price with contemporaneous NAV and their broker’s liquidation process; consider exiting before November 10 if the spread and transaction costs are acceptable rather than assuming an exchange exit will remain available.
• Before holding through liquidation, verify AUM, portfolio holdings, liquidation mechanics, expected cash-proceeds timing, and any applicable fees or distribution details in the fund documents. These missing inputs determine whether forced selling could affect underlying assets.
• Treat this as a fund-specific event unless additional closures or meaningful flow data emerge. Reassess if MEMY trades at a persistent, material discount to NAV, the adviser revises the timetable, or the liquidation terms indicate an in-kind or delayed distribution.