From Cointelegraph

June 2, 2025 11:12 PM:

The ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 share split on June 16 to attract retail investors. The fund’s investment strategy tracking Bitcoin won’t change, and holdings will remain the same. ARKB closed at $104.25, meaning post-split, shares could be priced around $35 each.

The ARK 21Shares Bitcoin ETF has seen $430 million outflows over six consecutive trading days, with $74 million leaving on June 2. Despite this, it remains the third-largest fund in total aggregate inflows at $2.37 billion, with $4.8 billion assets under management and a 7.35% year-to-date return.

Spot Bitcoin ETFs in the US experienced a net outflow of $1.2 billion over three trading days as Bitcoin prices fell from over $108,000 to just below $104,000 on June 2. Despite this, Glassnode reported consistent demand, with last week marking the seventh consecutive week of net inflows.

Read more at Cointelegraph: 21Shares courts retail with 3-for-1 Bitcoin ETF stock split