ARK 21Shares Bitcoin ETF to Undergo 3-for-1 Share Split in Bid to Broaden Investor Access
In a move aimed at making its flagship crypto investment product more accessible to everyday investors, 21Shares US announced Monday it will implement a 3-for-1 share split for the ARK 21Shares Bitcoin ETF (ARKB.Z). The split is set to take effect at the start of trading on June 16, the company said in a statement.
The announcement comes less than 18 months after the U.S. Securities and Exchange Commission approved spot bitcoin ETFs in a historic decision in January 2024. The approval marked a significant turning point for the digital assets industry, signaling growing regulatory acceptance and paving the way for a new wave of mainstream crypto investment vehicles.
Since then, spot bitcoin ETFs have surged in popularity, offering investors direct exposure to bitcoin through traditional financial markets without the need to hold the digital currency directly. ARKB has been among the standout performers, posting gains of nearly 12% year-to-date and almost 27% in the current quarter. The fund closed at $104.25 on Monday.
Bitcoin, meanwhile, has continued its bullish run, recently breaching the $100,000 mark—a milestone that many market watchers consider psychologically and technically significant. The rise in bitcoin’s price has helped fuel strong inflows into related ETFs, further boosting their appeal to institutional and retail investors alike.
The share split will not affect the ETF’s net asset value, ticker symbol, or investment strategy, according to 21Shares. Shares will continue to trade under the same CUSIP code. Share splits are commonly used by companies and funds to lower the trading price per unit, potentially increasing liquidity and attracting a broader base of retail investors.
Source: Reuters