ARK 21Shares Bitcoin ETF

January 2024 brought the first US spot bitcoin funds, and ARKB was one of ten that launched the same week. ARKB holds actual bitcoin, stored with Coinbase as custodian, and its share price tracks the coin minus a small fee, so buyers get bitcoin exposure through an ordinary stock ticker rather than a crypto exchange or a wallet of their own. It is a partnership between Cathie Wood's ARK Invest and 21Shares, a Swiss firm that had run crypto exchange-traded products in Europe for years before the US market opened. The fee started near the bottom of the pack as issuers fought for assets in a brutal price war. Investors use it to add bitcoin to retirement and brokerage accounts, to avoid the hassle and security risks of self-custody, and to trade the asset inside a regulated wrapper.

On MyRWA, ARKB trades tokenized across 1 on-chain venue - see the listings below.