ARK 21Shares Active Bitcoin Futures Strategy ETF

Overview: The ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) is a U.S.-based, actively managed exchange-traded fund, launched by ARK Invest and 21Shares, targeting 100% exposure to Bitcoin through futures contracts.

Investment Focus: Seeks capital appreciation by investing in Bitcoin futures contracts, aiming to outperform spot Bitcoin by actively rolling futures, without direct investment in Bitcoin or other digital assets.

Accessibility: Trades on the CBOE BZX Exchange under the ticker ARKA, accessible through U.S. brokerage accounts, but not specifically noted for TFSA or RRSP eligibility due to its U.S. domicile.

Performance: As of July 22, 2025, ARKA experienced net outflows of 665 BTC (-$176.2M), with specific price data unavailable, reflecting Bitcoin’s volatile market dynamics.

Risk Profile: High-risk due to Bitcoin’s volatility and futures contract complexities, suitable for sophisticated investors with high risk tolerance and understanding of futures markets.

Management and Fees: Actively managed by ARK Invest, with fees and expenses detailed in the prospectus; investors should review for full cost and risk information, as it’s not registered under the Investment Company Act of 1940

Background: ARK 21Shares is a partnership between ARK Invest (led by Cathie Wood) and 21Shares, a global crypto ETP leader founded in 2018 and acquired by FalconX in November 2025.

ARK Invest: Known for disruptive innovation investing across genomics, AI, fintech, and blockchain.

FalconX: An institutional digital asset prime brokerage that acquired 21Shares to bridge traditional finance and crypto markets.

Bitcoin Futures ETFs: The ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) offers actively managed Bitcoin futures exposure.

Leadership: 21Shares is led by CEO Russell Barlow, President Duncan Moir, and COO Edel Bashir.

Custody: Futures are held through regulated intermediaries.