Key Points
- ARKB, a Bitcoin ETF created by Ark Invest and 21Shares, was one of 11 spot bitcoin ETFs approved in January 2024.
- The custody of ARKB's Bitcoin is handled by Coinbase Custody Trust Company LLC.
The ARK 21Shares Bitcoin exchange-traded fund (ETF), known as ARKB, is a specialized cryptocurrency fund established through a partnership between Ark Invest and 21Shares.
Spot Bitcoin ETFs and ARKB
Among the 11 spot bitcoin ETFs approved on January 11, 2024, ARKB has demonstrated strong performance, ranking third in terms of bitcoin under management. However, its trading volumes remain relatively low compared to competitors.
A spot Bitcoin ETF is an ETF that primarily holds Bitcoin, offering investors exposure to the cryptocurrency without requiring direct purchase or storage.
Issuers and Custodians of ARKB
Ark Invest, founded by Cathie Wood in 2014, is known for actively managed ETFs focusing on themes like fintech innovation and has a positive outlook on disruptive technologies like blockchain.
21Shares, a Swiss fintech company, specializes in cryptocurrency investment products, including ETFs and ETPs, offering investors regulated exposure to digital assets.
With a management fee of 0.21%, ARKB is supported by Ark Invest and 21Shares, making it stand out among spot Bitcoin ETFs.
21 Shares US sponsors ARKB, with Ark Investment Management serving as its sub-advisor, while the custody of Bitcoin within ARKB is managed by Coinbase Custody Trust Company LLC, which also provides custody services for other spot Bitcoin ETFs.
The Bitcoin wallet addresses for ARKB have not been officially disclosed by the fund's creators, but Arkham Intelligence claims to have identified the Bitcoin wallet address for ARKB.
