ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) USD Price

The ARK 21Shares Active On-Chain Bitcoin Strategy ETF, managed by ARK Invest in collaboration with 21Shares, is an actively managed exchange-traded fund (ETF) that invests in bitcoin futures contracts and cash equivalents. Its inception date was November 15, 2023. Unlike spot ETFs, which directly hold the underlying asset (in this case, Bitcoin), this active futures ETF invests in Bitcoin futures contracts and utilizes on-chain data for active management. The strategy aims to optimize returns by leveraging blockchain analytics to inform trading decisions. As a result, the performance of a futures ETF like this one may differ from the spot price of Bitcoin due to factors such as contract rollover, futures market conditions, and the effectiveness of the on-chain data-driven management strategy. The ETF charges an annual management fee of 0.93%.