ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) USD Price

The ARK 21Shares Active Bitcoin Ethereum Strategy ETF, managed by ARK Invest in collaboration with 21Shares, is an actively managed exchange-traded fund invested in both Bitcoin and Ether futures contracts, with an inception date of November 15, 2023. Unlike spot ETFs, which directly hold the underlying assets (in this case, Bitcoin and Ethereum), this active futures ETF invests in Bitcoin and Ethereum futures contracts. The ETF employs an active management strategy, aiming to optimize returns by dynamically adjusting its holdings based on market conditions and blockchain analytics. As a result, the performance of a futures ETF like this one may differ from the spot prices of Bitcoin and Ethereum due to factors such as contract rollover, futures market conditions, and the effectiveness of the active management strategy. The ETF charges an annual management fee of 1%.