ETF Closing – How should I play this?

Hi everyone,

I own a couple shares of the IBET ETF and just got a letter announcing they’re liquidating their assets and closing shop.

At first, I thought to myself well obviously I need to sell and get out before everyone else does.

But then I noticed the stock rise 5% since this news released. Did a little more research and realized that an ETF closing means selling off their assets means immediate short term gains.

Does the logic check out? Anybody have experience on what happens when an ETF closes or could perhaps advise on the best way to play this?