The $4.8 billion ARK 21Shares Bitcoin ETF (ARKB) is undergoing a three-for-one share split to make the exchange-traded fund more accessible to a broader base of investors and enhance trading efficiency, crypto asset manager 21Shares announced on Monday.
The share split is expected to be effective when the market opens June 16 and won’t change the fund’s ticker symbol, CUSIP, total net asset value or investment strategy, the firm said.
The share split “aims to help continue our mission of improving accessibility for retail investors and enhancing overall trading efficiency,” Federico Brokate, head of U.S. business at 21Shares, told etf.com via an emailed statement.
“While the underlying strategy, fees and exposure remain exactly the same, a lower share price makes the ETF more approachable and can encourage broader participation,” Brokate said, adding that the firm expects improved liquidity and tighter bid-ask spreads as a result of greater trading volume. “Ultimately, this split underscores our continued commitment to investor-friendly solutions in the growing digital asset market.”
ARKB was one of the first spot bitcoin ETFs to launch in January 2024 after the Securities and Exchange Commission made its monumental decision to allow these types of funds to trade on the U.S. market.
The fund has gained 11.8% year to date, according to FactSet data, as Bitcoin’s price continues to hit record highs amid optimism around crypto regulation and continued interest in the alternative assets by institutional investors.
For 2025, fund flows are negative with outflows of $26.8 million, with the last three months showing steeper losses of $292.4 million. Over the last full year, ARKB is up 54.3% despite net outflows of $31 million over the same period.
Bitcoin’s price is around $106,000 per coin as of Tuesday, according to data from CoinMarketCap.
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