ARK 21Shares Bitcoin ETF to split stock for retail investors
21Shares says it wants to make its flagship Bitcoin ETF more attractive to retail investors by reducing its cost per share.
The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split later this month as the fund’s issuer, 21Shares, says it is looking to boost its appeal to retail investors.
The stock split is slated for June 16 and is designed to “make shares more accessible to a broader base of investors and enhance trading efficiency,” 21Shares said on June 2.
The exchange-traded fund’s (ETF) investment strategy aiming to track the price of Bitcoin (BTC) won’t change, and its Bitcoin holdings will remain identical, 21Shares said. It added that the ETF will continue trading as usual, and the total net asset value of the fund will also remain unchanged.
