ARKC
ARK 21Shares Active On-Chain Bitcoin Strategy ETF
Investment Objective
The Fund’s objective is capital appreciation.
Fund Strategy
ARKC aims to optimize performance relative to the price of bitcoin through actively managed allocations to bitcoin futures and cash equivalents. Strategic allocations are informed by both traditional quantitative models and onchain valuation models to determine prevailing trends for bitcoin (bearish or bullish), which inform strategic allocations. The Fund generally holds higher allocations to BTC futures during bullish periods (and vice versa) but may also make tactical adjustments to optimize performance. While the Fund uses models to evaluate market regimes, the investment team retains full discretion in deciding how to allocate the Fund’s investments.
Disclosure
Neither the Fund nor Underlying ETFs invest directly in ether, bitcoin, or other digital assets, or maintain direct exposure to “spot” ether or bitcoin. Investors seeking direct exposure to the price of ether or bitcoin should consider an investment other than the Fund.
Why ARKC?
Growth Potential
Bitcoin was the first decentralized currency and is the largest digital asset by market cap (at over $500b*). It is well established as a digital store of value with a broad user-base and liquidity. ARKC offers a secure vehicle for this long-term strategic holding.
*Source: Glassnode - Data as of 1st Nov 2023
Active Management
ARKC’s allocations are driven by traditional quantitative and onchain valuation models, which seek to outperform by transforming raw on-chain data into robust, back-tested market signals. In a volatile market, we believe the ability to identify emerging risks and opportunities and adjust the portfolio's exposure accordingly is critical.
Bitcoin-native
Unlike traditional trend based strategies that primarily rely on conventional technical indicators or momentum-based signals, ARKC also draws on onchain data unique to bitcoin, widening the information available to inform the fund’s strategy compared to conventional trend based strategies.
Exposure Without Complexity
Access the largest digital asset by market cap* without mastering arcane details of how to safely trade or store it.
*Source: Yahoo Finance - Data as of 1st Nov 2023
Potential to Preserve
Dynamic allocation allows ARKC to preserve capital in a down market for deployment in better conditions, outperforming passive Bitcoin exposure over a full market cycle.
Key Information
Name | ARK 21Shares Active On-Chain Bitcoin Strategy ETF |
Inception Date | Nov 15, 2023 |
Advisor | Empowered Funds, LLC dba EA Advisors |
Sub Advisor | 21Shares US LLC |
Sub-Sub Advisor | ARK Investment Management LLC |
Securities Outstanding | 60000 |
NAV per Unit | $39.75 |
Net Assets | $2,385,153.78 |
Type | Active Digital Asset ETF |
Primary Exchange | Cboe BZX Exchange, Inc. |
Sales Services | Resolute Investment Distributors, Inc. |
Fund Distributor | Quasar Distributors, LLC |
Identifier Information
Ticker | ARKC |
ISIN | US02072L3188 |
Cusip | 02072L318 |
Fees
Expense Ratio | |
Management Fee | 0.30% |
Acquired Fund Fee & Expenses | 0.63% |
Total Annual Fund Operating Expenses | 0.93% |
Holdings
As of Apr 26, 2024
NAV and Market Price
NAV | $39.75 |
NAV Change | $-0.43 | -1.02% |
Median Bid/Ask Spread (30 Day) | 0.22% |
Market Price | $39.73 |
Market Price Change | $-0.43 | -1.08% |
Cumulative%
As of Apr 26, 2024Past 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 documents 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 of Shares is calculated each business day as of the close of regular trading on the Cboe BZX Exchange, Inc. (“Cboe), generally 4:00 pm Eastern time on each business day the Cboe BZX Exchange, Inc is open for trading. Market returns are based on the trade price at which shares are bought and sold on the Cboe BZX Exvhange, Inc. 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.
Historical Data
Greatest Premium | - |
Greatest Discount | -0.06% (04/26/2024) |
Number of Days At | |
Premium: | - |
NAV: | - |
Discount: | 1 |
Days within percentage of NAV | |
Percent Of Days ± 0.5% Of NAV: | - |
Number Of Days ± 0.5% Of NAV: | - |