ARK 21Shares Bitcoin ETF to Split Shares, Attracting More Investors

The ARK 21Shares Bitcoin ETF (ARKB) will experience a 3-for-1 stock split on June 16th. This move aims to make the ETF more accessible to individual investors. The issuer, 21Shares, announced this change on June 2nd, highlighting that the split won’t alter the value of their holdings but rather divides each share into three. Consequently, if ARKB closed at $104.25 on June 2nd, each share would be worth approximately $35 after the split.