Latest news with #21SharesBitcoinETF
Yahoo
6 days ago
- Business
- Yahoo
ARK 21Shares Bitcoin ETF to undergo 3-for-1 share split on June 16
(Reuters) -21Shares US said on Monday it will carry out a 3-for-1 share split of its ARK 21Shares Bitcoin ETF to make the fund more accessible to investors, with the move set to take effect at market open on June 16. The approval of such spot bitcoin ETFs in January 2024 by the U.S. Securities and Exchange Commission, marked a watershed moment for the digital assets industry, ending a decade-long wait and signaling growing regulatory acceptance. The funds, which have rapidly grown in popularity, offer direct exposure to bitcoin through traditional markets, allowing institutions and other investors to participate without holding the token, bolstering credibility and inflows into the sector. ARKB has gained almost 12% so far this year and nearly 27% quarter-to-date. It closed trading at $104.25 on Monday. Meanwhile, bitcoin, the world's largest and most widely recognized cryptocurrency, has also climbed above the $100,000 mark, a level seen as key by many market participants. Companies typically split shares to lower the trading price per unit, aiming to attract a broader base of retail investors and improve liquidity. The share split will not affect ARKB's net asset value, ticker symbol, or investment strategy, and its shares will continue trading under the same CUSIP, the company said. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
ARK 21Shares Bitcoin ETF to undergo 3-for-1 share split on June 16
(Reuters) -21Shares US said on Monday it will carry out a 3-for-1 share split of its ARK 21Shares Bitcoin ETF to make the fund more accessible to investors, with the move set to take effect at market open on June 16. The approval of such spot bitcoin ETFs in January 2024 by the U.S. Securities and Exchange Commission, marked a watershed moment for the digital assets industry, ending a decade-long wait and signaling growing regulatory acceptance. The funds, which have rapidly grown in popularity, offer direct exposure to bitcoin through traditional markets, allowing institutions and other investors to participate without holding the token, bolstering credibility and inflows into the sector. ARKB has gained almost 12% so far this year and nearly 27% quarter-to-date. It closed trading at $104.25 on Monday. Meanwhile, bitcoin, the world's largest and most widely recognized cryptocurrency, has also climbed above the $100,000 mark, a level seen as key by many market participants. Companies typically split shares to lower the trading price per unit, aiming to attract a broader base of retail investors and improve liquidity. The share split will not affect ARKB's net asset value, ticker symbol, or investment strategy, and its shares will continue trading under the same CUSIP, the company said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
28-04-2025
- Business
- Bloomberg
Bitcoin Devotees Plowed $3 Billion Into ETFs Amid Crypto's Surge
Cryptocurrency investors waded back into the market last week, riding a surge in Bitcoin. Exchange-traded funds tracking Bitcoin and Ether attracted more than $3.2 billion last week, with the iShares Bitcoin Trust ETF (ticker IBIT) alone seeing a nearly $1.5 billion inflow — the most this year, data compiled by Bloomberg show. Other Bitcoin-focused funds also saw meaningful infusions, with investors adding more than $620 million to the ARK 21Shares Bitcoin ETF (ARKB) and roughly $574 million into the Fidelity Wise Origin Bitcoin Fund (FBTC).
Business Mayor
24-04-2025
- Business
- Business Mayor
BlackRock's Bitcoin ETF Sees $643 Million Inflows
BlackRock's flagship Bitcoin ETF attracted $643.16 million in net inflows on April 23, marking its strongest single-day performance since January 21. The substantial inflow comes as bitcoin continues its upward momentum, trading above $92,000 following positive signals from the Trump administration regarding U.S.-China trade relations. IBIT's impressive showing contributed to a broader surge in Bitcoin ETF activity, with total spot Bitcoin ETF inflows reaching $916.91 million on Wednesday. This marks the fourth consecutive day of positive flows for U.S.-listed Bitcoin ETFs, bringing the week's total inflows to approximately $2.23 billion. ARK 21Shares Bitcoin ETF (ARKB) and Fidelity's Wise Origin Bitcoin Fund (FBTC) also saw significant interest, recording inflows of $129.5 million and $124.4 million respectively. The strong performance across multiple funds suggests growing institutional conviction in bitcoin as an investment asset. The surge in ETF interest coincides with bitcoin's break above $90,000, fueled by President Trump's hints at reducing Chinese import tariffs and confirmation that Federal Reserve Chairman Jerome Powell will remain in his position. The new SEC Chairman Paul Atkins' pro-bitcoin and crypto stance has further bolstered market sentiment. Since their January launch, U.S. spot Bitcoin ETFs have accumulated net inflows of over $37 billion, with total assets under management reaching $106.39 billion. BlackRock's IBIT leads the pack, managing approximately $53.77 billion in net assets and recently winning 'Best New ETF' at the annual awards. The recent streak of positive flows marks a significant shift from early April's outflows, suggesting renewed institutional confidence in bitcoin as both a strategic asset and inflation hedge. The trend appears supported by broader market dynamics, including a weakening U.S. dollar and expectations of Federal Reserve rate cuts in mid-2025. Read More How Financial Surveillance Threatens Our Democracies: Part 2 However, market observers note that ongoing trade policy uncertainties and inflation concerns could still impact bitcoin's trajectory. Investors continue to monitor ETF flows and macroeconomic developments as indicators of sustained institutional adoption. At press time, Bitcoin trades at $92,840, maintaining its position above key psychological levels as institutional investment continues through regulated ETF vehicles. READ SOURCE
