What is the ARK 21Shares ARKB Spot Bitcoin ETF?

The ARK 21Shares Bitcoin BTC/USD exchange-traded fund (ETF), known as ARKB, is a crypto-focused fund from the investment manager Ark Invest and fintech firm 21Shares. ARKB was one of the 11 spot bitcoin ETFs approved on Jan. 11, 2024. The fund has done well since its launch, and it even climbed to third place in terms of bitcoin under management. ARKB's volumes, however, remained modest compared to its competitors. 

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