Microsoft Teams will soon support archiving channels
Microsoft is working on the ability to archive channels within Teams. At the moment, you can archive an entire team but not a channel.
Source: windowscentral.com
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Microsoft 365 Roadmap Weekly: Teams will add a way to archive channels and more
The Microsoft 365 Roadmap added some more upcoming features to its services, including a way for Teams users to archive the content of unused channels, and for Outlook to sort emails by categories.
Source: neowin.net