FYI: On Oct. 5, the Global X Iconic U.S. Brands ETF (LOGO) will be closing operations and liquidating its assets—but in an unusual move, the fund's issuer, Global X, has halted creations for the fund first.
The creation halt took effect Sept. 13.
A creation halt is when the issuer stops allowing authorized participants (APs) to create new shares of the ETF for trading. New shares of an ETF can be created when APs present the ETF issuer with enough shares of the underlying stocks comprising the ETF's index to constitute an equivalent block of ETF shares (in LOGO's case, 50,000 shares) (read: "What Is The Creation/Redemption Mechanism?").
Regards,
Ted
https://www.etf.com/sections/features-and-news/logo-brand-etf-no-go
