You Won’t Believe What ARK 21Shares is Doing with Bitcoin ETF Shares!

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Well, well, well, look who’s decided to shake things up! The ARK 21Shares Bitcoin ETF (ARKB) is gearing up to split its shares on June 16 like a great magician pulling a rabbit out of a hat – only this time, it’s 3-for-1. This move, according to the fine folks at 21Shares, is aimed at making the ETF more affordable. You know, so regular folks can join the party too. 😏

Now, don’t go thinking your investment is suddenly going to turn into a pumpkin. A stock split, folks, does *nothing* to change the value of what you own. It just means they’re chopping each share into three smaller pieces. So, if ARKB closed at $104.25 on June 2, each little share after the split will be worth just under $35. That’s still not a bargain bin price, but hey, it’s better than one share at $104, right? 🤑

ARKB’s little venture has been like a boat with a few holes in it lately. It’s been the underdog of the 11 US spot Bitcoin ETFs, losing a cool $430 million over six days. On June 2 alone, a good chunk of change – about $74 million – just slipped through their fingers, according to CoinGlass. 🙄

But don’t go counting them out just yet. ARKB still has $4.8 billion under management, and believe it or not, it’s posted a modest 7.35% return this year. The fund’s not doing too shabby in the grand scheme of things. It ranks third in total inflows, behind only BlackRock and Fidelity. Can’t blame them for trying! 💼

Meanwhile, all the other spot Bitcoin ETFs are feeling the heat, with $1.2 billion in outflows over the past three trading days. It’s been a bit of a bumpy ride, coinciding with Bitcoin’s little dip from over $108,000 to under $104,000. A real nail-biter for the traders. 🤑📉

So, could this stock split give ARKB the jolt it needs to win over investors who’ve been cooling their jets? Only time will tell, but it sure sounds like a good way to grab a few extra eyeballs. 👀💰

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2025-06-03 10:01