Yes, the liquidation here refers to the liquidation of funds, that is, the withdrawal of funds, and the liquidation of etf funds has certain requirements. When the net value of etf fund is less than 50 million for 20 consecutive working days, it will be liquidated. Liquidation shall be conducted when the number of fund holders is less than 200 for 20 consecutive working days.

After the liquidation of the fund, the remaining assets of the fund will be distributed to investors according to their shares. Fund liquidation is mainly caused by poor fund performance, and there are also force majeure factors that cause fund liquidation.