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ARKD

ARK 21Shares Blockchain and Digital Economy Innovation ETF

As of May 22, 2024
Net Asset Value:
$44.77
As of May 22, 2024
Net Asset Value:
$44.77
ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD) is one of the first actively managed exchange-traded funds (ETF) to invest in digital asset futures (bitcoin and ether) and public equities of companies engaged in the blockchain industry and/or digital economy, providing holistic exposure to the growth of blockchain technology. ARKD focuses on a concentrated, high-conviction portfolio of equities through a proprietary valuation model.
Net Assets
$4,476,617.14
YTD Return
+35.58%
1D Change
+0.13%
Expense Ratio
0.90%
Overview

Investment Objective

The Fund’s objective is capital appreciation.

Fund Strategy

ARKD aims to optimize performance through actively managed allocations to bitcoin futures, ether futures, and concentrated positions in the equities of companies engaged in the blockchain industry and/or digital economy, which represent our highest-conviction investment ideas. At a neutral weighting, the Fund is equally allocated to futures and equities though it may allocate up to 80% to either bitcoin futures or other assets. The Fund may invest up to 25% in ether futures. The Fund does not invest directly in bitcoin, ether, or other digital assets, or maintain direct exposure to “spot” bitcoin or “spot” ether.

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 ARKD?

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 ample liquidity. ARKD offers a vehicle for this long-term strategic holding.

*Source: Glassnode - Data as of 1st Nov 2023

A Holistic Approach

By offering exposure to bitcoin futures as well as public equities and other assets that may benefit from the growing adoption of blockchain and digital assets, ARKD offers a more holistic entry point into the market, with actively managed allocations to help optimize performance.

Built for Growth

As the digital asset ecosystem grows, the opportunities for investment will increase. ARKD is built to grow along with the opportunity set, with flexibility to invest in a broad array of instruments that may capture value in the future.

Quality-driven

As an actively managed ETF, ARKD navigates the limited universe of blockchain-oriented public equities through a proprietary valuation model, constructing a concentrated, high-conviction portfolio.

Key Information

NameARK 21Shares Blockchain and Digital Economy Innovation ETF
Inception DateNov 15, 2023
AdvisorEmpowered Funds, LLC dba EA Advisors
Sub Advisor21Shares US LLC
Sub-Sub AdvisorARK Investment Management LLC
Securities Outstanding100000
NAV per Unit$44.77
Net Assets$4,476,617.14
TypeActive Digital Asset ETF
Primary ExchangeCboe BZX Exchange, Inc.
Sales ServicesResolute Investment Distributors, Inc.
Fund DistributorQuasar Distributors, LLC

Identifier Information

Ticker
ARKD
ISIN
US02072L2925
Cusip
02072L292

Fees

Expense Ratio
Management Fee0.55%
Acquired Fund Fee & Expenses0.35%
Total Annual Fund Operating Expenses0.90%
Holdings

Holdings

As of May 22, 2024

Holdings are subject to change without notice
Performance
1M

NAV and Market Price

NAV$44.77
NAV Change$0.13 | 0.12%
Median Bid/Ask Spread (30 Day)0.56%
Market Price$44.79
Market Price Change$0.13 | 0.3%

Cumulative%

As of May 22, 2024
NAV
1 Month
+4.73%
3 Months
+20.51%
YTD
+35.58%
Since Inception
+81.04%
Market Price

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 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.

Premium/Discount
NAV
4PM Mid-Point
Difference
Premium/Discount
$44.77
$44.79
$0.02
0.05%

Historical Data

Greatest Premium0.05% (05/22/2024)
Greatest Discount-
Number of Days At
Premium:1
NAV:-
Discount:-
Days within percentage of NAV
Percent Of Days ± 0.5% Of NAV:-
Number Of Days ± 0.5% Of NAV:-
The Premium/Discount chart shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). The daily market price is calculated using the mid-point between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 pm Eastern time). The vertical axis of the chart shows the premium or discount of the Mid-Point price as a percentage of the NAV. The horizontal axis shows the number of trading days covered by the chart, and each bar in the chart demonstrates how many days the Fund traded within the given premium/discount range. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
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