ARK 21Shares Active Bitcoin Ethereum Strategy ETF

Frequently Asked Questions About ARKY

What does ARKY invest in?

This actively managed exchange-traded fund (ETF) endeavors to exceed the returns of Bitcoin over a complete market cycle. It aims to achieve this by flexibly allocating its investments between futures contracts for both Bitcoin and Ether, typically under standard market conditions. The strategic decisions concerning these asset allocations are determined by the fund's sub-adviser, 21Shares US LLC (“21Shares”). Furthermore, ARK Investment Management LLC (“ARK”), acting as the sub-subadviser, offers non-binding advisory input to 21Shares regarding the spot Bitcoin and Ether markets. Investors should be aware that this fund is structured as a non-diversified investment vehicle.

What is the expense ratio of ARKY?

ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is ARKY's distribution yield?

ARKY's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does ARKY's covered-call strategy work?

ARKY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is ARKY?

ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) manages $20.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ARKY actively managed or an index fund?

ARKY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.