IETH - ETF fund closing

Hi all, I'd really appreciate some thoughts from those with more experience in crypto investing. As part of my portfolio allocation, I have **5% allocated to crypto**, with one of my holdings being **IETH**. I recently received an email from the fund manager advising that the ETF is being closed due to its relatively small size. They have offered three options: 1. Sell my units before the fund closes in October. 2. Do nothing, and the fund will automatically sell my units at the closing date based on the market value at that time. 3. Elect to receive the underlying ETH instead. However, this option comes with a compulsory **$500 administration fee**. As someone who doesn't know a great deal about crypto and simply views it as one component of my overall asset allocation, here's how I'm thinking about it: * **Options 1 and 2:** Selling the units would mean crystallising a fairly significant loss at today's prices. * **Option 3:** My initial thought is that this may be preferable, as I can continue holding the ETH as part of my portfolio without realising the loss at this stage. The customer service representative also advised that there is no change in beneficial ownership, so it would not be treated as a CGT event. The downside, of course, is the compulsory $500 fee. Does anyone here also hold IETH, or has anyone been through a similar ETF closure? Am I missing anything in my thinking? Is there any downside to taking delivery of the ETH that I haven't considered? Also, are fund managers generally allowed to charge investors a fee like this when they decide to close a fund? It feels like a bit of a lose-lose situation for investors—you either realise your losses or pay a substantial fee just to maintain your investment. I'd really appreciate hearing your thoughts and experiences. And of course, I understand that nothing shared here constitutes financial advice.