The ARK 21Shares Bitcoin ETF (ARKB) is set to undergo a 3-for-1 share split on June 16, aimed at increasing accessibility for retail investors by lowering the cost per share. The issuer, 21Shares, stated that this move is intended to attract a wider base of investors by enhancing trading efficiency. Importantly, the ETF's investment strategy, which tracks Bitcoin's price, and its overall Bitcoin holdings will remain unchanged. As of June 2, ARKB shares closed at $104.25, which would mean that after the split, shares would be priced at approximately $35. Despite the split, ARKB has recently experienced significant outflows, totaling $430 million over six consecutive trading days, making it the worst-performing fund among the 11 spot Bitcoin ETFs in the U.S. However, it is the third-largest in total inflows with $2.37 billion and assets under management amounting to $4.8 billion. Overall, Bitcoin ETFs have seen a recent trend of outflows, with a net outflow of $1.2 billion over three trading days as Bitcoin prices fluctuated.

Source đź”—