ARK 21Shares Active Bitcoin Ethereum Strategy ETF

Frequently Asked Questions About ARKY

What does ARKY invest in?

The fund is an actively managed exchange-traded fund. Under normal conditions, the fund seeks to outperform the returns of bitcoin over a market cycle by dynamically allocating its assets between bitcoin futures contracts and ether futures contracts. Allocations are determined based on the assessment of the fund’s sub-adviser, 21Shares US LLC (“21Shares”). ARK Investment Management LLC (“ARK”), the fund’s sub-subadviser, provides non-discretionary advice to 21Shares related to the spot bitcoin market and spot ether market. The fund is non-diversified.

What is the expense ratio of ARKY?

ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) charges an expense ratio of 1.00%. 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 $3.6M 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.