ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) USD Price

The ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA), managed by ARK Invest in collaboration with 21Shares, is a futures ETF with an inception date of November 14, 2023. Unlike spot ETFs, which directly hold the underlying asset (in this case, Bitcoin), a futures ETF invests in Bitcoin futures contracts. This means ARKA actively manages a portfolio of Bitcoin futures contracts traded on commodity exchanges, rather than holding actual Bitcoin. As a result, the performance of a futures ETF like ARKA may differ from the spot price of Bitcoin due to factors such as contract rollover and futures market conditions, with active management aiming to optimize returns and mitigate risks. ARKA charges an annual management fee of 0.7%.