Moreover, suppose for the sake of argument that the fund had already closed (as Deprived has already done with one of his assets, for example). If participants are returned control of their own capital, then they are free to choose exactly what to do with it: if participants would like to dive back into BTC-TC and scoop up some cut-rate assets while waiting for scenario number 1 to materialize, then they can do so. And if other participants do not wish to wait, and they believe that scenario number 2 is more likely, then they can handle their capital appropriately.
There's a few pretty big differences between my fund and yours - which made closure of mine a no-brainer decision:
1. It was denominated in LTC. Nowhere else runs a credible LTC-denominated security exchange.
2. The fund had a lot of capital raised via bonds (approximately half of gross assets managed). It was not palatable to consider continuing to pay interest on bonds during a move - with uncertainty of what would exist anyway.
3. LTC-ATF was pretty much entirely a trading fund rather than investment with most of its value as cash at all times.
4. It had run for a year making very significant profits. With me owning over half the fund, the fund itself had enough cash to clear all bonds and pay everyone out at last NAV/U (other than myself). With the profit I'd personally made I was fine with taking the loss on what actual non-cash assets there were. I've personally made 1k-2K BTC from my own investment in LTC-ATF - counting in reinvestment of profits that I cashed out - so was fine taking a 25-100 BTC loss now to get it all closed out quickly with the minimum of hassle for myself.
So there's pretty significant reasons why the course I've taken with LTC-ATF isn't necessarily the best one for you.
There is a third option you could consider - somewhere in between the two you listed. That's to dividend out now whatever you have in cash and continue with the other assets. That gives flexibility to investors with what portion of their investment IS immediately realisable without significant loss - but keeps your options open with what to do with the rest. Of course that has the disadvantage for you that you have to continue doing the work - but that's unavoidable to some extent anyway.
I (it was LTC-ATF - but now it's me personally) hold some of your shares (was trying to trade the spread) so I do actually have some interest in what happens here.