ARKY
ARK 21Shares Active Bitcoin Ethereum Strategy ETF
Investment Objective
The Fund’s objective is capital appreciation.
Fund Strategy
ARKY aims to optimize performance through actively managed allocations to bitcoin futures and ether futures and may take into account a variety of factors including historical and expected correlations between bitcoin and ether, fundamental analysis of the markets for bitcoin and ether as well as other markets that may impact the prices of bitcoin and ether; and interest rates and other macroeconomic factors. The portfolio managers may employ both fundamental and quantitative tools to assess market conditions. The Fund considers a neutral weighting to be approximately the relative market capitalization of each asset.
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 ARKY?
Buy the Market
As the two largest cryptoassets by marketcap, BTC and ETH combine to comprise over 70%* of the digital assets market. ARKY’s dynamic allocation between both assets uses fundamental and quantitative tools to achieve exposure to the overall asset class.
*Source: Coinmarketcap - Data as of 1st Nov 2023
Active Management
ARKY’s allocations are driven by traditional quantitative models and historical correlations to outperform the digital asset market. The portfolio managers apply discretionary, fundamental analysis to adjust weightings based on their qualitative assessments of the market for each asset and expected price movements. In a volatile market, we believe the ability to identify emerging risks and opportunities and adjust the portfolio's exposure accordingly is critical.
Exposure without Complexity
Access the leading digital assets without mastering arcane details of how to safely trade or store them.
Key Information
Name | ARK 21Shares Active Bitcoin Ethereum 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 | 120000 |
NAV per Unit | $38.34 |
Net Assets | $4,601,366.58 |
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 | ARKY |
ISIN | US02072L3428 |
Cusip | 02072L342 |
Fees
Expense Ratio | |
Management Fee | 0.30% |
Acquired Fund Fee & Expenses | 0.70% |
Total Annual Fund Operating Expenses | 1.00% |
Holdings
As of Apr 26, 2024
NAV and Market Price
NAV | $38.34 |
NAV Change | $-0.34 | -0.87% |
Median Bid/Ask Spread (30 Day) | 0.27% |
Market Price | $38.3 |
Market Price Change | $-0.34 | -0.88% |
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 | -0.12% (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: | - |