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Blockchain Funds UK
Comments
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Thanks for the reply, all makes complete sense. I’m relatively new to investing so I imagine this is the first craze I’ve encountered. What have been previous sectors to blow up like this and then disappear?
What usually happens when a fund is wound up. This hasn’t happened to me yet. I assume my shares are converted to cash?
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1. Sectors
Dot-Com Bubble (late 1990's- early 2000)
Financial Sector 2008
Energy Sector (2014-2016)
Meme Stocks 2021
2. Fund wound up
Fund stops operations & deregistered from official listings
Bank accounts and credit cards are closed
Assets sold off & liquidated
Taxes & creditors paid
Remaining assets (if any are left) distributed to shareholders
3. Some famous bubbles of the past where people lost a lot of money.
Tulip Mania 1637
South Sea Bubble 1720
Railway Mania 1840's
Wall Street Crash 1929
Dot-com Bubble (1990's-2000)
U.S. Housing Bubble 2007
Suggest you should read up on these bubbles.
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