21Shares has announced that it will initiate a 3-for-1 stock split of its flagship Bitcoin ETF, ARKB, on June 16. The move aims to reduce the per-share price and attract a broader base of retail investors.

Lower Price, Wider Access

The share split will not affect the ETF’s investment strategy or the amount of Bitcoin it holds. Its total net asset value will also remain unchanged. The split means each share will be divided into three, lowering the per-share price without altering the total value of an investor’s holdings.

As of June 2, ARKB shares closed at $104.25. After the split, the price per share is expected to be just under $35.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Share splits are commonly used to enhance accessibility and trading efficiency, particularly when high prices might deter new investors from entering the market.

ARKB Faces Outflows But Still Holds Strong Position

Despite the stock split announcement, ARKB has recently seen six consecutive trading days of net outflows totaling $430 million. On June 2 alone, $74 million exited the fund, according to CoinGlass.

However, the ETF still holds its ground as the third-largest spot Bitcoin ETF in the U.S., with $2.37 billion in aggregate inflows. With $4.8 billion in assets under management and a year-to-date return of 7.35%, ARKB remains a significant player.

This strategic move could reinvigorate retail investor interest and reposition the fund for more active trading in the coming months.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post ARK 21Shares Bitcoin ETF Splits Shares To Woo Retail Investors appeared first on Coin Engineer.