ARKD
ARK 21Shares Blockchain and Digital Economy Innovation ETF
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
Name | ARK 21Shares Blockchain and Digital Economy Innovation 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 | 100000 |
NAV per Unit | $42.05 |
Net Assets | $4,205,353.90 |
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 | ARKD |
ISIN | US02072L2925 |
Cusip | 02072L292 |
Fees
Expense Ratio | |
Management Fee | 0.55% |
Acquired Fund Fee & Expenses | 0.35% |
Total Annual Fund Operating Expenses | 0.90% |
Holdings
As of Apr 26, 2024
NAV and Market Price
NAV | $42.05 |
NAV Change | $0.51 | 1.26% |
Median Bid/Ask Spread (30 Day) | 0.35% |
Market Price | $42.06 |
Market Price Change | $0.51 | 1.23% |
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 | 0.02% (04/26/2024) |
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: | - |