ARK 21Shares Bitcoin ETF Goes 3-for-1: A Game-Changer for Retail Investors!

Share Split Set to Boost Accessibility and Trading Efficiency

Hang onto your hats, crypto enthusiasts! 21Shares US LLC just dropped a bombshell with a 3-for-1 share split for their flagship ARK 21Shares Bitcoin ETF, ARKB. This move is all about making the fund more accessible to the everyday investor. Get ready for a wild ride!

Mark your calendars for June 16, because that's when the action goes down at the opening of markets. This split will triple the number of shares out there, slashing the price per share but keeping the fund's overall value intact. It's a win-win, baby!

21Shares isn't messing around, stating that the split is designed "to make shares more accessible to a broader base of investors and enhance trading efficiency." ARKB will keep rocking its current ticker, with no changes to its net asset value, investment strategy, or the sweet Bitcoin (BTC) it holds. It's all about giving the people what they want!

This bad boy is a physically backed spot Bitcoin ETF that tracks the New York Variant of the Chicago Mercantile Exchange CF Bitcoin Reference Rate. It's your ticket to dive straight into Bitcoin in a regulated investment environment. Buckle up!

ARKB is currently trading at a sizzling $104.33. It's been on fire, gaining about 27% in the last quarter and nearly 12% this year. The fund's holding strong with 45,410 Bitcoin, worth a jaw-dropping $4.82 billion, according to SoSoValue data. That's some serious coin!

On June 2, ARKB saw a trading volume of $53.68 million and a single-day outflow of 700 BTC, or roughly $73.9 million. But don't sweat it, Coinbase Custody is on the case as the main custodian, with BitGo and Anchorage Digital Bank stepping up to keep counterparty risk in check.

This share split couldn't come at a better time. Interest in crypto ETFs is exploding, especially after the Securities and Exchange Commission's landmark approval of spot Bitcoin funds in January 2024. It's a whole new ballgame!

The ETF market is blowing up, with a whopping $125 billion now spread across 11 U.S.-listed Bitcoin ETFs. In the past month alone, the sector has raked in $5.26 billion in net inflows, according to SoSoValue data. The crypto world is on fire!

21Shares is playing it smart, positioning the split as a way to get more retail investors in the game. With Bitcoin recently skyrocketing above $100,000, lowering the per-share cost could lure in a fresh wave of investors while keeping the big dogs interested. It's a strategy that's sure to pay off!

Let's not forget, 21Shares was the pioneer, launching the first physically-backed crypto exchange-traded product back in 2018. They've got a whole lineup of U.S. offerings, including the ARK 21Shares Active Bitcoin Futures Strategy ETF, which trades Bitcoin futures, and the ARK 21Shares Blockchain and Digital Payments ETF, targeting companies building the future of blockchain and digital finance. 21Shares is leading the charge, and we're all along for the ride!