21Shares Announces 3-for-1 Share Split for ARKB Bitcoin ETF
- The 3-for-1 split increases share count, lowers price per share, but leaves ARKB’s total value and Bitcoin holdings unchanged.
- Despite recent outflows, ARKB remains a top spot Bitcoin ETF with $4.8 billion AUM and ongoing retail accessibility efforts.
21Shares US LLC declared a 3-for-1 share split for its ARK 21Shares Bitcoin exchange-traded fund (ETF), ARKB. The split aims to boost accessibility for retail investors by lowering the per-share price.
Share Split Details and Impact
The 3-for-1 split will triple the number of shares outstanding while reducing the price per share proportionally. This change will not alter the overall value of the fund, its net asset value, or its Bitcoin holdings. ARKB will continue trading under the same ticker symbol with no modifications to its investment strategy.
At closing on June 2, ARKB traded at approximately $104.33 per share. After the split, the price per share will adjust to roughly $34.78, making the fund more affordable for smaller investors. The fund currently holds about 45,410 Bitcoin, valued at approximately $4.82 billion, according to SoSoValue data.
Fund Performance and Market Context
ARKB has shown gains of nearly 27% in the last quarter and about 12% year-to-date. Despite this growth, the ETF has experienced net outflows recently. Over six consecutive trading days, the fund saw $430 million leave, including $74 million on June 2 alone. These figures come from CoinGlass data. Despite these outflows, ARKB remains the third-largest spot Bitcoin ETF in terms of total inflows, with $2.37 billion.
The ETF market for Bitcoin continues expanding rapidly following the SEC’s approval of spot Bitcoin ETFs in January 2024. Currently, U.S.-listed Bitcoin ETFs hold $125 billion, and the sector attracted $5.26 billion in net inflows over the last month, per SoSoValue.
ARKB is a physically-backed spot Bitcoin ETF that tracks the New York variant of the CME CF Bitcoin Reference Rate. Coinbase Custody serves as the primary custodian, with support from BitGo and Anchorage Digital Bank to manage counterparty risks. This setup provides regulated, direct access to Bitcoin for investors.
Strategic Rationale Behind the Split
21Shares stated the split is meant to boost efficiency in trading and attract more investors. As Bitcoin recently went above $100,000, a smaller price per share in the ETF might bring more retail investors.
The company launched its first physically-backed crypto exchange-traded product in 2018 and now offers several U.S.-listed ETFs focused on Bitcoin futures and blockchain-related companies.
The share split suggests that ARKB is trying to appeal to large investors and also make it more affordable for small ones. Assets managed by the fund are around $4.8 billion and the return for the first half of 2021 is 7.35%.
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21Shares Announces 3-for-1 Share Split for ARKB Bitcoin ETF
- The 3-for-1 split increases share count, lowers price per share, but leaves ARKB’s total value and Bitcoin holdings unchanged.
- Despite recent outflows, ARKB remains a top spot Bitcoin ETF with $4.8 billion AUM and ongoing retail accessibility efforts.
21Shares US LLC declared a 3-for-1 share split for its ARK 21Shares Bitcoin exchange-traded fund (ETF), ARKB. The split aims to boost accessibility for retail investors by lowering the per-share price.
Share Split Details and Impact
The 3-for-1 split will triple the number of shares outstanding while reducing the price per share proportionally. This change will not alter the overall value of the fund, its net asset value, or its Bitcoin holdings. ARKB will continue trading under the same ticker symbol with no modifications to its investment strategy.
At closing on June 2, ARKB traded at approximately $104.33 per share. After the split, the price per share will adjust to roughly $34.78, making the fund more affordable for smaller investors. The fund currently holds about 45,410 Bitcoin, valued at approximately $4.82 billion, according to SoSoValue data.
Fund Performance and Market Context
ARKB has shown gains of nearly 27% in the last quarter and about 12% year-to-date. Despite this growth, the ETF has experienced net outflows recently. Over six consecutive trading days, the fund saw $430 million leave, including $74 million on June 2 alone. These figures come from CoinGlass data. Despite these outflows, ARKB remains the third-largest spot Bitcoin ETF in terms of total inflows, with $2.37 billion.
The ETF market for Bitcoin continues expanding rapidly following the SEC’s approval of spot Bitcoin ETFs in January 2024. Currently, U.S.-listed Bitcoin ETFs hold $125 billion, and the sector attracted $5.26 billion in net inflows over the last month, per SoSoValue.
ARKB is a physically-backed spot Bitcoin ETF that tracks the New York variant of the CME CF Bitcoin Reference Rate. Coinbase Custody serves as the primary custodian, with support from BitGo and Anchorage Digital Bank to manage counterparty risks. This setup provides regulated, direct access to Bitcoin for investors.
Strategic Rationale Behind the Split
21Shares stated the split is meant to boost efficiency in trading and attract more investors. As Bitcoin recently went above $100,000, a smaller price per share in the ETF might bring more retail investors.
The company launched its first physically-backed crypto exchange-traded product in 2018 and now offers several U.S.-listed ETFs focused on Bitcoin futures and blockchain-related companies.
The share split suggests that ARKB is trying to appeal to large investors and also make it more affordable for small ones. Assets managed by the fund are around $4.8 billion and the return for the first half of 2021 is 7.35%.
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