The Ark bitcoin ETF will 'undergo' a split in a few days

The price per share will decrease, multiplying the number of available shares of this ETF. The ARK 21Shares spot bitcoin exchange-traded fund (ARKB), one of the products approved by the SEC in January 2024, will undergo a stock split on June 16. This was announced this Monday by 21Shares US, explaining that the goal is to improve the fund's accessibility for investors.

The split will be 3 to 1, which means that for every share of ARKB currently held by an investor, they will have three shares starting at the market open that day. This operation does not change the total value of the investment, nor the price of the bitcoin backing the fund. It simply reduces the price per share, multiplying the number of available shares.