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ARKZ

ARK 21Shares Active Ethereum Futures Strategy ETF

As of May 22, 2024
Net Asset Value:
$44.42
As of May 22, 2024
Net Asset Value:
$44.42
ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) is an actively managed exchange-traded fund (ETF) that targets 100% exposure to ether (ETH), through investing in ether futures contracts. ARKZ aims to outperform ETH by actively rolling its futures contracts.
Net Assets
$14,214,920.28
YTD Return
+50.78%
1D Change
+0.45%
Expense Ratio
0.70%
Overview

Investment Objective

The Fund’s objective is capital appreciation.

Fund Strategy

ARKZ aims to optimize performance through actively managed exposure to standard ether futures contracts. The fund aims to optimize roll yield by selectively rolling its futures contracts. The Fund does not invest directly in ether or other digital assets, or maintain direct exposure to “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 ARKZ?

Growth Potential

Ethereum is the foundation for Decentralized Finance (DeFi), the fastest growing digital asset sector. Ether is the second largest digital asset by market cap (at $195B*). ARKZ offers a secure vehicle for this long-term strategic holding

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

Active Management

Selectively rolling ether futures contracts to optimize performance is an investment strategy that can lead to better returns compared to a purely passive approach.

Exposure without Complexity

Access the second 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

Key Information

NameARK 21Shares Active Ethereum Futures Strategy ETF
Inception DateNov 14, 2023
AdvisorEmpowered Funds, LLC dba EA Advisors
Sub Advisor21Shares US LLC
Sub-Sub AdvisorARK Investment Management LLC
Securities Outstanding320000
NAV per Unit$44.42
Net Assets$14,214,920.28
TypeActive Digital Asset ETF
Primary ExchangeCboe BZX Exchange, Inc.
Sales ServicesResolute Investment Distributors, Inc.
Fund DistributorQuasar Distributors, LLC

Identifier Information

Ticker
ARKZ
ISIN
US02072L3345
Cusip
02072L334

Fees

Expense Ratio
Management Fee0.70%
Total Annual Fund Operating Expenses0.70%
Holdings

Holdings

As of May 22, 2024

Holdings are subject to change without notice
Performance
1M

NAV and Market Price

NAV$44.42
NAV Change$0.2 | 0.46%
Median Bid/Ask Spread (30 Day)0.19%
Market Price$44.46
Market Price Change$0.2 | 0.46%

Cumulative%

As of May 22, 2024
NAV
1 Month
+15.29%
3 Months
+22.54%
YTD
+50.78%
Since Inception
+66.8%
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
$44.42
$44.46
$0.04
0.09%

Historical Data

Greatest Premium0.09% (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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