The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split on June 16, aiming to attract more retail investors. Issuer 21Shares announced the move on June 2, saying the split will make the ETF more affordable and improve trading efficiency.
According to the announcement, a stock split doesn’t change the value of an investor’s investment—it simply divides each share into three. So, if ARKB closed at $104.25 on June 2, each share would be worth just under $35 after the split. The fund’s strategy, Bitcoin holdings, and trading operations will remain the same.
ARKB, a joint offering by 21Shares and ARK Invest, has faced a rough patch. It’s been the worst-performing among the 11 US spot Bitcoin ETFs in terms of net outflows, losing $430 million over six straight trading days. On June 2 alone, $74 million exited the fund, according to CoinGlass.
Despite this, ARKB still holds $4.8 billion in assets under management and has delivered a 7.35% return year-to-date. It also ranks third in total inflows, behind BlackRock and Fidelity, with $2.37 billion in net investments.
Meanwhile, all spot Bitcoin ETFs in the US have seen a shift, recording a total net outflow of $1.2 billion over the past three trading days. The outflows coincided with Bitcoin’s price dip from over $108,000 to below $104,000.
The stock split could boost ARKB’s appeal just when investor sentiment shows signs of cooling.
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