ARK 21Shares Bitcoin ETF to split shares three-for-one

The ARK 21Shares Bitcoin ETF (ARKB) will implement a 3-for-1 stock split on June 16 to make shares more accessible to retail investors, according to 21Shares.

The issuer said the split aims to lower the cost per share and enhance trading efficiency without changing the ETF’s investment strategy or Bitcoin (CRYPTO:BTC) holdings.

After the split, each existing share will convert into three shares, reducing the price per share while maintaining the total net asset value of the fund.

On June 2, ARKB closed at $104.25 per share, which would translate to roughly $34.75 per share after the split.

A stock split does not affect the underlying value of the ETF but can make shares more affordable for smaller investors who might otherwise be priced out.

The ARK 21Shares Bitcoin ETF is a joint product of 21Shares and ARK Invest.

Despite recent challenges, including six consecutive days of outflows totaling $430 million, ARKB remains the third-largest U.S. spot Bitcoin ETF by aggregate inflows with $2.37 billion, behind BlackRock and Fidelity offerings.

As of early June, ARKB manages $4.8 billion in assets and has delivered a year-to-date return of 7.35%.

Recent outflows from U.S. spot Bitcoin ETFs have totaled $1.2 billion over three trading days, coinciding with Bitcoin’s price decline from above $108,000 to just below $104,000 on June 2.

Glassnode data noted that despite recent price drops, inflows of more than 6,100 BTC last week marked the seventh consecutive week of net inflows, indicating ongoing demand amid cooling momentum.

The share split is part of 21Shares’ effort to improve retail investor access and potentially stabilise trading volume amid fluctuating market conditions.

The ETF will continue trading normally through the split process, with no change to its Bitcoin exposure or overall fund value.

At the time of reporting, the Bitcoin (BTC) price was $105,415.