ARK 21Shares Bitcoin ETF Price & Performance (ARKB)

Crypto asset manager 21Shares is set to liquidate two actively managed ETFs tied to bitcoin and ether futures. The ARK 21Shares Active On-Chain Bitcoin Strategy ETF and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF will stop trading on March 27, with liquidation scheduled for March 28.123

Ark Invest, led by Cathie Wood, recently sold $8.6 million worth of ARK 21Shares Bitcoin ETF shares while purchasing $8.7 million in Coinbase stock. This move comes amid a significant cryptocurrency market downturn, with Bitcoin reaching multi-month lows and broader market uncertainties.45

Bitcoin ETFs have seen significant outflows, including $147 million from ARK 21Shares Bitcoin ETF in a single day. The broader cryptocurrency market continues to struggle, with Bitcoin prices dropping below $80,000 and investor sentiment remaining bearish due to macroeconomic pressures.678