📰 ARK 21Shares Bitcoin ETF announces 3-for-1 stock split
21Shares US announced that it will conduct a 3-for-1 stock split of its ARK 21Shares Bitcoin ETF (ARKB.Z) starting June 16, 2025. This decision aims to enhance the fund's accessibility for retail investors by lowering the price per share while maintaining the total asset value and investment strategy. Since the approval of spot Bitcoin ETFs in January 2024, ARKB has shown nearly a 12% increase year-to-date and about 27% in the current quarter.
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🧑💼 Former CEO of Commerzbank joins DeFi Technologies
Manfred Knof, the former CEO of Commerzbank, has become a strategic advisor to DeFi Technologies and chairman of its subsidiary Valour, which specializes in issuing products related to digital assets. Knof brings nearly 30 years of experience in the financial sector, including leadership positions at Allianz and Commerzbank. His appointment reflects DeFi Technologies' ambition for global growth and the expansion of institutional participation in the digital asset space.
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💰 Circle aims for a valuation of $7.2 billion in the upcoming IPO
Circle Internet Group, the issuer of the USDC stablecoin, has increased the volume and price range of its upcoming initial public offering (IPO), planning to sell 32 million shares at a price between $27 and $28 per share. This will raise the company's valuation to approximately $7.2 billion. Circle intends to list its shares on the New York Stock Exchange under the ticker CRCL.
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📈 Bitcoin surpasses $105,000 amid institutional demand
On June 2, 2025, Bitcoin surpassed the $105,000 mark, recovering from a weekend decline. This increase is attributed to sustained institutional demand and cautious optimism from investors. The market is focused on upcoming macroeconomic events, including signals from the US Federal Reserve, which are expected to impact the cryptocurrency market's movements.
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