The Bitcoin Broken Bag (ETF) fund Al Cash 21shares (ARKB), one of the products approved by the SEC in January 2024, will be subjected to a division of actions (Split) On June 16. This was announced on Monday 21Shares US, explaining that the objective is to improve the accessibility of the Investor Fund.
He Split It will be 3 to 1, which means that for each Arkb action currently in the hands of an investor, they will have three shares from the opening of the market that day. This operation does not change the total value of the investment, nor the price of the bitcoin that supports the fund. Simply Reduce the price per share, multiplying the amount of available shares.
For example, if an Arkb action is quoted at $ 120 before the Split, after June 16 each new action will cost approximately 40 dollars. If an investor had 10 shares, he will now have 30, but The total value of its position will remain the same.
This type of divisions is common in financial markets When the price per unit of an asset becomes high and can discourage small investors. By reducing the price per share, without altering the relationship with the underlying asset (in this case, Bitcoin), purchase and sale are facilitated for those who handle more limited budgets or use fractional strategies.
It should be noted that this does not imply a change in the fund policynor anticipate movements in the price of Bitcoin. It is a purely technical measure to improve liquidity and access to ETF.
