The ARK 21Shares Bitcoin ETF (ARKB) is set to undergo a 3-for-1 share split on June 16 to attract more retail investors. The split aims to make shares more accessible and enhance trading efficiency without altering the ETF's investment strategy or Bitcoin holdings. Despite being the worst-performing fund in terms of outflows among US Bitcoin ETFs, ARKB remains the third-largest fund with $4.8 billion in assets under management. The recent trend of outflows in spot Bitcoin ETFs coincided with a drop in Bitcoin prices. However, consistent demand for Bitcoin is evident with net inflows reported for the seventh consecutive week. The stock split will lower the price per share, making it more affordable for retail investors while maintaining the underlying value. Read more AI-generated news on: https://app.chaingpt.org/news

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