ARKB
Overview
An investment in the Trust is not a direct investment in bitcoin. Investors will also forgo certain rights conferred by owning bitcoin directly. The Fund is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940, unlike most exchange traded products or ETFs. An investment in ARKB involves significant risks, may be subject to extremely volatility and investors could lose their entire investment. Thus, ARKB is not suitable for all investors.
Fund Objective
ARKB seeks to track the performance of bitcoin, as measured by the performance of the CME CF Bitcoin Reference Rate – New York Variant (the “Index”), adjusted for the Trust’s expenses and other liabilities.
Why ARKB?
- Growth Potential. Bitcoin was the first decentralized currency and is the largest digital asset by market cap (at over $1T*). It is well established as a digital currency with a broad user-base and liquidity. ARKB offers a registered vehicle for this long term strategic holding.
- Simple Exposure to Bitcoin. ARKB provides exposure to bitcoin which is kept in cold storage** by a trusted custodian, offering greater protection than custody options available to individual investors.
- Tool for Diversification. Add diversification to a portfolio by adding an asset with low correlation to traditional assets.
- Exposure without Complexity. Access to one of the leading digital assets without mastering arcane details of how to safely trade or store them.
*Source: Coinbase. As of March 31, 2024.
** Bitcoin cold storage refers to the practice of keeping bitcoins in offline environments to safeguard them from potential online threats of hacking and theft. Cold storage provides vital protection for both long-term holders and investors against the numerous risks posed by malicious actors online.
Fund Details
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Performance
Performance
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when redeemed may be worth more or less than the original cost. Extraordinary performance is attributable in part due to unusually favorable market conditions and may not be repeated or consistently achieved in the future. The Fund’s most recent month-end performance can be found in the fund material section. Returns for less than one year are not annualized. Net asset value (“NAV”) returns are based on the dollar value of a single share of the ETF, calculated using the value of the underlying assets of the ETF minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the Cboe BZX Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the Cboe BZX. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects the reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the ETF’s shares may differ significantly from their NAV during periods of market volatility. A bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.