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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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- 🚀 Gate Square Creator Spark Program is Live!
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📄 More info 👉 https://www.gate.com/announcements/article/45695 - 🎉 Gate Alpha Second Points Special Airdrop is coming!
Get Token Mystery Boxes based on your Alpha Points - No points will be deducted.
📸 Alpha Points Snapshot: June 24, 16:00 (UTC)
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ARK 21Shares Bitcoin ETF will split shares at a ratio of 3:1 for retail investors.
The ARK 21Shares Bitcoin ETF (ARKB) will split its shares at a ratio of 3 for 1 on June 16 to attract individual investors and improve liquidity. After the split, each current share will become three new shares, helping to lower the price per unit, although the total value and amount of Bitcoin held by the fund will not change.
Closing the session on June 2, ARKB traded at 104.25 USD/share; after the split, the price is expected to be about 35 USD. This is a common move when stock prices rise, making it difficult for retail investors to access.
ARKB is currently the Bitcoin spot ETF with the largest capital outflow in the US, experiencing 6 consecutive days of net withdrawals, totaling 430 million USD. However, the fund still ranks third in terms of total accumulated net capital flow of (2.37 billion USD) and is managing 4.8 billion USD in assets with a return of 7.35% year-to-date.