The ARK 21Shares Bitcoin ETF (ARKB) is set to undergo a 3-for-1 stock split later this month. This move aims to attract more retail investors, with the issuer, 21Shares, arguing that it will make shares more affordable and increase trading efficiency. The split is scheduled for June 16th and won’t alter ARKB’s investment strategy of mirroring Bitcoin’s price movement. It maintains its existing holdings of Bitcoin without any changes. The ETF will continue to trade as usual with no alterations to its total net asset value. A stock split essentially divides existing shares into multiple new ones, in this case a 3-for-1 ratio for each share. This can increase accessibility for retail investors who might otherwise be priced out of buying shares due to high prices. ARKB closed June 2 at $104.25 per share, which suggests if a stock split were to occur now, each share would become roughly $35 – a significant price decrease from the current value. ARKB has faced considerable outflows lately, with investors withdrawing $74 million on June 2 alone and totaling $430 million over six consecutive trading days. While this trend highlights investor hesitance towards the fund, ARKB remains one of the top-performing Bitcoin ETFs in terms of total net asset value, holding a substantial $2.37 billion. The recent stock split, however, is designed to reignite interest for retail investors. The ETF has seen consistent demand despite some recent price fluctuations as investors remain optimistic about Bitcoin’s potential.