$BTC #ETF Stock Split Targets Retail Investor Access
#ARK21Shares
$BTC ETF has announced a 3-for-1 share split scheduled for June 16.
The current trading price of $104.25 would become approximately $35 per share after the split execution.
The fund ranks third-largest in aggregate inflows with $2.37 billion, behind #BlackRock and #Fidelity offerings.
#ARKB has recently experienced six consecutive trading days of outflows totaling $430 million.
Spot
$BTC ETFs recorded $1.2 billion in aggregate outflows over the past three trading sessions.
$BTC ETF outflows accelerated as Bitcoin prices dropped 4% from $108,000 to below $104,000.
The split aims to make shares more accessible to retail investors through lower per-share pricing.
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