HORIZONS ETFs ANNOUNCES FINAL VALUATION FOR TERMINATING ETF

TORONTO, April 11, 2023 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") previously announced, by way of a press release dated February 10, 2023, that the BetaPro Bitcoin ETF (the "ETF") would be delisted from the Toronto Stock Exchange at the close of business on April 6, 2023, and terminated effective upon the close of business today, April 11, 2023. The ETF's final net asset value ("NAV") per unit is as follows:

ETF	Ticker	Final NAV per unit
BetaPro Bitcoin ETF	HBIT	$13.064435

Following termination, shareholders will receive the proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the ETF. The proceeds will be paid to the holders of the remaining outstanding shares of the ETF on a pro-rata basis, at the rate shown above, without further action by those shareholders. There are no required distributions of income or capital gains included in the proceeds of termination paid out today to CDS Clearing and Depository Services Inc.

About Horizons ETFs Management (Canada) Inc. ( www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $25 billion of assets under management and 106 ETFs listed on major Canadian stock exchanges.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their value changes frequently and past performance may not be repeated. Certain Horizons Exchange Traded Products may have exposure to leveraged investment techniques that magnify gains and losses and which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The prospectus contains important detailed information about the ETF. Please read the relevant prospectus before investing.

SOURCE Horizons ETFs Management (Canada) Inc.

Contact Horizons ETFs at 1-866-641-5739 (toll-free) or [phone]., [email protected]