Ark 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split, effective June 16.
The 3-for-1 stock split of the ARKB ETF shares will not affect the net asset value of shareholders.
The measure aims to attract a broader base of investors and increase retail participation.
Ark 21Shares Bitcoin ETF (ARKB) will experience a 3-for-1 stock split, effective June 16, in order to make the funds more accessible to investors, announced 21Shares, one of the largest issuers of exchange-traded funds (ETFs) in cryptocurrencies in the world.