All articles tagged with #ark 21shares
The ARK 21 Shares Bitcoin ETF (ARKB) saw inflows of over $200 million for the first time, as the overall bitcoin ETF market experienced net inflows of $243.4 million, with BTC hovering around $72,000. ARKB became the third bitcoin ETF to reach this milestone in a single day, following BlackRock's IBIT and Fidelity's FBTC, which saw record low and high inflows, respectively.
BlackRock and ARK 21Shares have both reduced the fees for their proposed Bitcoin ETFs in anticipation of the U.S. Securities and Exchange Commission (SEC) potentially approving a spot bitcoin exchange-traded fund. BlackRock will now charge 25 basis points on net asset value, with a promotional rate of 12 basis points for the first $5 billion during the first 12 months after listing. ARK 21Shares reduced its fee to 0.21% and is waiving the fee entirely for the first six months or the first $1 billion in assets. Other contenders, including Bitwise and Valkyrie, have also announced reduced fees, with Bitwise maintaining the lowest fee at 0.20%.