21Shares Announces 3-for-1 Share Split for ARKB Bitcoin ETF
The post 21Shares Announces 3-for-1 Share Split for ARKB Bitcoin ETF appeared on BitcoinEthereumNews.com. 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…
The post 21Shares Announces 3-for-1 Share Split for ARKB Bitcoin ETF appeared on BitcoinEthereumNews.com.
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…
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