BITE ETF to close

ETF Managers Group, LLC  announced plans to close The Restaurant ETF (NASDAQ: BITE) based on an ongoing review of its offerings and market demand. Effective immediately, BITE will increase its cash holdings in contemplation of liquidation and will no longer accept creation orders.

Trading will be suspended on Nasdaq at the closing of the market on December 22, 2016. Proceeds of the liquidation will be sent to shareholders on or about December, 23, 2016.

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