ARKB’s Share Price Drops Following 3-for-1 Split for Enhanced Accessibility

Ark Invest and 21Shares’ ARKB Bitcoin ETF is undergoing a 3-for-1 share split on June 16th. This move, designed to boost accessibility for investors, will reduce the share price per unit from approximately $240 to around $80 after the split. The fund management emphasizes that this won’t impact shareholder value, and existing shareholders will automatically receive three new shares for every one held. The SEC has approved the necessary documentation for this split, further contributing to ARKB’s increased market visibility.