Latest news with #ARK21SharesBitcoinETF
Yahoo
6 days ago
- Business
- Yahoo
21Shares ARKB Bitcoin ETF to Undergo 3-for-1 Split
The $4.8 billion ARK 21Shares Bitcoin ETF (ARKB) is undergoing a three-for-one share split to make the exchange-traded fund more accessible to a broader base of investors and enhance trading efficiency, crypto asset manager 21Shares announced on Monday. The share split is expected to be effective when the market opens June 16 and won't change the fund's ticker symbol, CUSIP, total net asset value or investment strategy, the firm said. The share split 'aims to help continue our mission of improving accessibility for retail investors and enhancing overall trading efficiency,' Federico Brokate, head of U.S. business at 21Shares, told via an emailed statement. 'While the underlying strategy, fees and exposure remain exactly the same, a lower share price makes the ETF more approachable and can encourage broader participation,' Brokate said, adding that the firm expects improved liquidity and tighter bid-ask spreads as a result of greater trading volume. 'Ultimately, this split underscores our continued commitment to investor-friendly solutions in the growing digital asset market.' ARKB was one of the first spot bitcoin ETFs to launch in January 2024 after the Securities and Exchange Commission made its monumental decision to allow these types of funds to trade on the U.S. market. The fund has gained 11.8% year to date, according to FactSet data, as Bitcoin's price continues to hit record highs amid optimism around crypto regulation and continued interest in the alternative assets by institutional investors. For 2025, fund flows are negative with outflows of $26.8 million, with the last three months showing steeper losses of $292.4 million. Over the last full year, ARKB is up 54.3% despite net outflows of $31 million over the same period. Bitcoin's price is around $106,000 per coin as of Tuesday, according to data from | © Copyright 2025 All rights reserved 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
Yahoo
28-05-2025
- Business
- Yahoo
Bitcoin Sees $607M ETF Inflows — Wall Street Just Made Its Move
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin spot ETFs experienced a remarkable $607 million in net inflows on May 21, marking one of the strongest single-day institutional buying sessions since these products launched. The data reveals broad-based interest across multiple ETF providers, with significant contributions from major players, including: The data reveals broad-based interest across multiple ETF providers, with significant contributions from major players, including: Fidelity Wise Origin Bitcoin Fund (Cboe BZX Exchange: FBTC)Inflows: $23.50 million ARK 21Shares Bitcoin ETF (Cboe BZX Exchange: ARKB)Inflows: $4.30 million BlackRock iShares Bitcoin Trust (NASDAQ:)Inflows: $530.60 million This institutional buying surge has propelled Bitcoin to trade above $111,046, surpassing the previous all-time highs established in January. The milestone represents more than just a numerical achievement—it reflects a fundamental shift in how institutional investors view Bitcoin's role in modern portfolios. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . The current price action stands in stark contrast to persistent skepticism that has characterized Bitcoin throughout much of its existence. Critics have long dismissed the digital asset as speculative froth or a financial bubble destined to collapse. However, the sustained institutional interest demonstrated through ETF flows suggests a more nuanced reality is emerging. The scale of institutional participation has reached levels that make dismissive narratives increasingly difficult to maintain. When major asset managers like BlackRock (NYSE:BLK) and Fidelity see consistent multimillion dollar daily inflows into their Bitcoin products, it signals that sophisticated investors are allocating meaningful capital based on fundamental conviction rather than speculative fervor. Bitcoin's recent performance during periods of broader market uncertainty has begun to challenge traditional assumptions about its correlation with risk assets. While the digital asset hasn't completely decoupled from traditional markets, its behavior during recent stress periods suggests an evolving relationship with global financial conditions. This evolution reflects several key factors. First, the maturation of Bitcoin's market infrastructure, including regulated ETF products, has made institutional access more straightforward and compliant with fiduciary standards. Second, the growing recognition of Bitcoin's fixed supply characteristics has attracted investors seeking alternatives to traditional monetary assets during periods of currency debasement concerns. Trending: New to crypto? on Coinbase. The ETF vehicle has proven particularly effective at channeling institutional interest. Unlike direct Bitcoin purchases, which require specialized custody solutions and operational expertise, ETFs allow traditional asset managers to gain Bitcoin exposure through familiar regulatory and operational frameworks. The diversity of inflows across multiple ETF providers also suggests this isn't driven by a single large investor or temporary trading strategy. Instead, the data points to broad-based institutional adoption across different types of market participants, from pension funds to family offices to corporate treasuries. Earlier market commentary, including analysis from April 8 examining 'Selling Bitcoin On Recession Fears: Why It's a Flawed Plan And How Bitcoin May Hold Up In The Digital Asset Era,' highlighted Bitcoin's potential resilience during economic uncertainty. Recent price performance amid ongoing global economic concerns appears to validate this thesis. Rather than acting purely as a risk-on asset that sells off during market stress, Bitcoin has demonstrated characteristics more consistent with an alternative store of value. This behavior aligns with the original investment thesis that positioned Bitcoin as a hedge against traditional financial system risks, including currency debasement, excessive debt levels, and geopolitical metrics suggest Bitcoin is transitioning from a purely speculative asset to something approaching institutional acceptance. Volatility, while still elevated compared to traditional assets, has generally trended downward over multi-year periods. The development of robust derivatives markets has also provided institutional investors with sophisticated risk management tools previously unavailable. The regulatory clarity provided by ETF approvals has removed significant barriers to institutional participation. Rather than navigating uncertain regulatory terrain around direct Bitcoin ownership, institutions can now access the asset through SEC-approved investment vehicles that fit within existing compliance frameworks. The current momentum raises important questions about Bitcoin's future trajectory. Sustained institutional buying at these price levels suggests conviction that current valuations remain attractive relative to long-term potential. However, the concentration of recent inflows also highlights the importance of continued institutional adoption for maintaining upward price momentum. The broader implications extend beyond Bitcoin's price performance. If institutional adoption continues at current pace, it could accelerate the development of digital asset infrastructure and potentially influence how other cryptocurrencies are perceived and regulated. Read Next: A must-have for all crypto enthusiasts: . Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Send To MSN: 0 This article Bitcoin Sees $607M ETF Inflows — Wall Street Just Made Its Move originally appeared on
Yahoo
19-05-2025
- Business
- Yahoo
Cathie Wood has a strong message on Elon Musk's legacy
Cathie Wood, a long-time Bitcoin bull and champion of technological disruption, took to X (formerly Twitter) on May 14 to heap praise on one of her most admired entrepreneurs Elon Musk. 'History will look kindly, much more than kindly, on Elon Musk's profound contributions to the US and to humanity,' wrote Wood, CEO of ARK Invest. 'What were his haters thinking?' Wood, who has consistently invested in innovation-driven companies through ARK's ETFs — including Tesla (NASDAQ: TSLA), Coinbase, and more recently Bitcoin ETFs — has long admired Musk's bold bets on technology, space, energy, and artificial intelligence. Her tweet was a quote response to a viral post by the account Mirthful Moments, which listed a cascade of Elon Musk's contributions to science, industry, and society, satirically paired with critics' dismissive reactions. The post — which quickly gained traction — resonates with Wood's own investment philosophy: that innovation is often misunderstood or ridiculed in the moment, only to be vindicated by history. Wood is a fan of Bitcoin and isn't backing down from her ultra-bullish Bitcoin bet. In a recent CNBC interview, the ARK Invest CEO reaffirmed her long-term view that Bitcoin still has massive upside ahead, citing limited supply and rising institutional interest as key catalysts. 'We think we have miles to go,' Wood said, pointing to Bitcoin's growth potential across several fronts. 'Institutions are just testing the waters right now – and then there's the emerging market use cases as well.' Wood laid out two price targets for BTC in 2030: a base-case scenario of $700,000 to $750,000 and a bull-case scenario of $1.5 million. At today's price of around $103,970, her base-case prediction represents a roughly 573% increase. She explained how ARK's internal research breaks down the building blocks of Bitcoin's expected growth. 'You can see the building blocks – how much share we expect Bitcoin to either take from gold or grow that store-of-value market, institutions moving in… we have a million more coins, roughly, to be minted ever,' she said. Last year, ARK Invest launched its ARK 21Shares Bitcoin ETF (ARKB). As of now, the firm holds 48,363 BTC worth approximately $5 billion, according to Bitcoin Treasuries. As per Kraken's price feed, Bitcoin (BTC) is trading at $102,908, down 0.9% in the past 24 hours. Sign in to access your portfolio
The Star
16-05-2025
- Business
- The Star
Institutional investors juggle bitcoin ETF holdings, US filings show
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly/ File Photo (Reuters) -A number of high-profile asset managers cut their stakes in spot bitcoin exchange-traded funds amid a 12% drop in the cryptocurrency's price in the first quarter of 2025, according to recent regulatory filings. This marks a shift from previous quarters when asset managers had typically increased their holdings in spot bitcoin ETFs, as shown in previous quarterly 13-F filings with the Securities and Exchange Commission. Spot bitcoin ETFs, which made their market debut in January 2024, now paint a more complex picture. Hedge funds trimmed their holdings while some financial advisory firms and wealth funds boosted or rebalanced their positions. "What we witnessed in the first quarter was the collapse of the premium that people were paying for bitcoin futures, which had set up a very lucrative basis trade," said Matt Hougan, chief investment officer of Bitwise Asset Manager. Hedge funds seeking to profit from the spread between spot and futures prices could capture annualized yields in the region of 15%, Hougan said. "But that premium collapsed and reached its nadir around the end of March," he said. "So I'm not surprised to see hedge funds trim their holdings." Millennium Management LLC cut its holdings of iShares Bitcoin Trust ETF by 41% to 17.6 million shares and exited its position in the Invesco Galaxy Bitcoin ETF. It increased its stake in only two ETFs, boosting its holdings of the ARK 21 Shares Bitcoin ETF and the Grayscale Bitcoin Mini Trust. Jersey-based Brevan Howard trimmed its stake in the iShares ETF by 15.6%. The State of Wisconsin Investment Board, one of the earliest institutional investors to make a significant allocation to spot bitcoin ETFs in the first quarter of 2024, sold its entire six million share position in the iShares Bitcoin Trust in the first three months of this year. Meanwhile, Brown University made its first foray into cryptocurrency ETF ownership during the same period, acquiring a stake in the same ETF, worth $4.9 million at the end of March. Neither the state pension fund nor representatives from Brown University responded to requests for comment on their moves. Abu Dhabi's Mubadala sovereign wealth fund added to its holdings of the iShares ETF in the first quarter, bringing its total position to 8,726,972 shares, valued at $408.5 million. "What will be most important for me is whether, when all the data is finally in and we can analyze it, more investment advisory firms are stepping in," said Hougan. "That wave of adoption may be a slow-moving train, but it has forward momentum." (Reporting by Suzanne McGee; editing by Diane Craft)
Yahoo
15-05-2025
- Business
- Yahoo
Institutional investors juggle bitcoin ETF holdings, US filings show
By Suzanne McGee (Reuters) -A number of high-profile asset managers cut their stakes in spot bitcoin exchange-traded funds amid a 12% drop in the cryptocurrency's price in the first quarter of 2025, according to recent regulatory filings. This marks a shift from previous quarters when asset managers had typically increased their holdings in spot bitcoin ETFs, as shown in previous quarterly 13-F filings with the Securities and Exchange Commission. Spot bitcoin ETFs, which made their market debut in January 2024, now paint a more complex picture. Hedge funds trimmed their holdings while some financial advisory firms and wealth funds boosted or rebalanced their positions. "What we witnessed in the first quarter was the collapse of the premium that people were paying for bitcoin futures, which had set up a very lucrative basis trade," said Matt Hougan, chief investment officer of Bitwise Asset Manager. Hedge funds seeking to profit from the spread between spot and futures prices could capture annualized yields in the region of 15%, Hougan said. "But that premium collapsed and reached its nadir around the end of March," he said. "So I'm not surprised to see hedge funds trim their holdings." Millennium Management LLC cut its holdings of iShares Bitcoin Trust ETF by 41% to 17.6 million shares and exited its position in the Invesco Galaxy Bitcoin ETF. It increased its stake in only two ETFs, boosting its holdings of the ARK 21 Shares Bitcoin ETF and the Grayscale Bitcoin Mini Trust. Jersey-based Brevan Howard trimmed its stake in the iShares ETF by 15.6%. The State of Wisconsin Investment Board, one of the earliest institutional investors to make a significant allocation to spot bitcoin ETFs in the first quarter of 2024, sold its entire six million share position in the iShares Bitcoin Trust in the first three months of this year. Meanwhile, Brown University made its first foray into cryptocurrency ETF ownership during the same period, acquiring a stake in the same ETF, worth $4.9 million at the end of March. Neither the state pension fund nor representatives from Brown University responded to requests for comment on their moves. Abu Dhabi's Mubadala sovereign wealth fund added to its holdings of the iShares ETF in the first quarter, bringing its total position to 8,726,972 shares, valued at $408.5 million. "What will be most important for me is whether, when all the data is finally in and we can analyze it, more investment advisory firms are stepping in," said Hougan. "That wave of adoption may be a slow-moving train, but it has forward momentum." 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
