The ARK 21Shares Spot Bitcoin ETF Reaches $1 Billion AUM
The spot Bitcoin ETF issued by ARK Invest and 21Shares has achieved an Asset Under Management (AUM) of $1 billion. On February 9, 21Shares announced that its joint spot Bitcoin ETF with ARK Invest, ARKB, had surpassed the $1 billion mark in its Bitcoin holdings. This milestone reflects the growing trust and interest in digital assets.
The total number of Bitcoins purchased by ARK Invest and 21Shares is approximately 21,455 units, valued at around $1,021,886,846 based on the current market value. The average trading volume of the ARK 21Shares spot Bitcoin ETF over the past five days is $81,777,474 with an average spread of 0.035%.
With this achievement, ARKB becomes the third US spot Bitcoin ETF to exceed $1 billion in AUM. Bloomberg ETF analyst James Seyffart confirmed this milestone on Twitter.
General ETF Market Outlook
BlackRock’s IBIT was the first spot Bitcoin ETF to reach $1 billion in AUM just four days after trading began. Unlike ARKB, IBIT received approval from the SEC. The influx of investments into BlackRock is attributed to its lower sponsor fee and strong reputation prior to launching as a Bitcoin ETF issuer.
Compared to Grayscale GBTC’s management fee of 1.5%, BlackRock charges only 0.25%. The overall Bitcoin ETF ecosystem has experienced positive growth, with a net inflow of $541.5 million recorded on February 9 due to FOMO (Fear of Missing Out). Within 24 hours, Bitcoin’s price surged by almost 7%, briefly surpassing $48,000.
Currently, Bitcoin is trading at $47,289.80, reflecting a 0.82% increase in the last 24 hours and maintaining a mild uptrend since the beginning of the month.
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