ARK 21Shares Bitcoin ETF to Undergo 3-for-1 Split to Attract Retail Traders

In an effort to broaden its investor base, the ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split on June 16, making shares more affordable for everyday investors.

Issuer 21Shares said the move aims to improve accessibility and trading efficiency without altering the fund’s core strategy or underlying Bitcoin exposure.

The split will reduce the price per share while tripling the number of shares held by each investor. The overall value of an investor’s holdings and the fund’s total net asset value will remain unchanged.

As of June 2, ARKB closed at $104.25. After the split, the price per share would drop to just under $35 based on that figure, though the actual value will reflect the market at the time of the split.

While stock splits don’t affect the intrinsic value of a fund, they can play a psychological role in making shares appear more affordable, especially in the eyes of smaller investors who may shy away from high-priced securities.

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ARKB has struggled with performance relative to its peers, registering $430 million in outflows across six consecutive trading days, including a $74 million exit on June 2 alone. Despite the recent downturn, the fund remains the third-largest by total inflows among U.S. spot Bitcoin ETFs, pulling in $2.37 billion since launch. It currently manages $4.8 billion in assets and has delivered a year-to-date return of 7.35%.

The fund is a collaboration between 21Shares and ARK Invest, led by high-profile investor Cathie Wood, and was among the earliest entrants in the spot Bitcoin ETF market. However, recent investor sentiment has shifted, favoring competitors like BlackRock and Fidelity. The upcoming split could help reposition ARKB in a market where retail interest continues to play a key role in ETF momentum.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.