21Shares Introduces 3-for-1 Split For Its Bitcoin ETF Starting June 16

21Shares, a prominent global issuer of crypto exchange-traded funds (ETFs), has announced a 3-for-1 share split for its Ark 21Shares Bitcoin ETF (ARKB), effective June 16. This strategic move aims to increase the fund’s accessibility to a broader range of investors.

In a formal statement released Monday, the fintech leader announced that the impending stock split will attract a broader investor base and enhance trading efficiency. Additionally, 21Shares explicitly stated that this action will not alter the total net asset value (NAV) of ARKB, and the shares will continue to trade under the existing ticker symbol.

ARKB 3-for-1 Split Details

According to Reuters, ARKB has recorded gains of almost 12% so far this year and around 27% this quarter. The ETF finished trading on Monday at $104.25. 21Shares has the most crypto ETPs and is a top ETF provider.

ARKB is a Bitcoin ETF that directly holds Bitcoin. This provides investors with exposure to Bitcoin without requiring them to own it directly. 21Shares’ decision to split ARKB stock 3-for-1 is expected to attract regular investors. They might like the lower price per share.

However, this split won’t change the value of what shareholders own. 21Shares believes the lower price will boost daily trading, making it easier to buy and sell shares due to more retail investment.

The stock split could also encourage more regular investors to invest in the Bitcoin ETF. This is especially relevant given the reported $358 million that left U.S. Spot Bitcoin ETFs on May 30, the stock split could reverse this trend and revive retail interest.

21Shares has made it clear that the stock split will not change the fund’s value. After June 16, the price per share will be about one-third of what it was before. For example, using Monday’s closing price of $104.25, the post-split price would be around $34.50 per share. Nonetheless, stockholders will get three shares for every share they own, but the total value and Bitcoin exposure will stay the same.

21Shares Files for SUI ETF

Recently, Nasdaq requested SEC approval for a novel ETF that would track the Sui blockchain’s token. If approved, this ETF would be the first to focus exclusively on the Sui blockchain, a network renowned for its efficient architecture and popularity among developers.

This ETF application demonstrates investors’ growing confidence in layer-1 blockchain networks. Sui’s architecture prioritizes speed and scalability, paving the way for innovative decentralized applications.

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