ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY)
ARK 21Shares Active Bitcoin Ethereum Strategy ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $29.30, up 0.03% on the session, giving a market capitalisation of $3.1M. Its beta of 4.83 implies it has historically moved more than the broad market.
This actively managed exchange-traded fund (ETF) endeavors to exceed the returns of Bitcoin over a complete market cycle. It aims to achieve this by flexibly allocating its investments between futures contracts for both Bitcoin and Ether, typically under standard market conditions. The strategic decisions concerning these asset allocations are determined by the fund's sub-adviser, 21Shares US LLC (“21Shares”). Furthermore, ARK Investment Management LLC (“ARK”), acting as the sub-subadviser, offers non-binding advisory input to 21Shares regarding the spot Bitcoin and Ether markets. Investors should be aware that this fund is structured as a non-diversified investment vehicle.
ARK 21Shares Active Bitcoin Ethereum Strategy ETF is most often compared with the following Financial Services names: