Latest news with #ARKB
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
The Star
03-06-2025
- Business
- The Star
ARK 21Shares Bitcoin ETF to undergo 3-for-1 share split on June 16
FILE PHOTO: Representations of cryptocurrency bitcoin are seen in this illustration picture created in Paris, France, March 9, 2024. REUTERS/Benoit Tessier/Illustration/File Photo (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. (Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)
Yahoo
02-06-2025
- 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
CNA
02-06-2025
- Business
- CNA
ARK 21Shares Bitcoin ETF to undergo 3-for-1 share split on June 16
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 per cent so far this year and nearly 27 per cent 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.
Reuters
02-06-2025
- Business
- Reuters
ARK 21Shares Bitcoin ETF to undergo 3-for-1 share split on June 16
June 2 (Reuters) - 21Shares US said on Monday it will carry out a 3-for-1 share split of its ARK 21Shares Bitcoin ETF (ARKB.Z), opens new tab 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.
