| Benford Chart for ARKB 10Q Filed 11/14/2025 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 252 Recent share count: NA ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of ARK 21Shares Bitcoin ETF — ticker symbol ARKB. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/26/2024 to 11/14/2025
for ARK 21Shares Bitcoin ETF under CIK number 0001869699.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for ARKB, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for ARK 21Shares Bitcoin ETF based on the past ARKB filings our system processed in the past.
| Benford's Law Stocks Score for ARKB = 43 | ||
Starting from a possible score of 100, we made the following score deductions: • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier. • We deducted points (includes the impact of penalty multiplier) upon observing the 4's percentage was above the typical coverage universe range. • We deducted points upon observing the 5's percentage was above the typical coverage universe range. • We deducted points upon observing the 6's percentage was below the typical coverage universe range. • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier. • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted points upon observing the 8's percentage was below the typical coverage universe range. • We deducted points upon observing the 8's percentage was below the company's typical historical range. • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier. • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was below the typical coverage universe range. |
| ARKB's Score Vs. Typical Stock | |||
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Check our work! We provide our ARK 21Shares Bitcoin ETF Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the ARKB filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 75 numbers that start with the digit 1. Here they are: 125,510,000 11,227 105,806 105,806 11,229 124 105,930 11,587 1,891,649 134,040,000 140,070,000 124 100.00 100.00 1,509 1,509 1,509 1,509 1,795 1,117,653 188,372 136,721 184,085 1 1,569,425 1,099,446 1,828,519 1,566,520 1,509 1,795 1,117,653 188,372 136,721 184,085 144,640,000 150,670,000 13,605,000 151,754,994 100 10,000 10 1,795 1,117,653 184,085 1,569,089 188,372 13,824.6378 1,569,376 16,019.3563 1,831,319 136,721 17,614.9735 1,099,439 13,106.1031 1 1 123,500 193,176 100,000 144,640,000 150,670,000 13,605,000 151,754,994 1,569,425 1,099,446 1,828,519 1,566,520 187,133 105,806 11,227 16.67 1.0000 1.0000 1.0001 1.0001 | We found 41 numbers that start with the digit 2. Here they are: 2,273,506 2,460,639 2,819,428 2,773 2,773 2,773 2,773 296,403 2,849,575 2,773 296,403 226,875,000 25,039.4041 20.8163 296,403 2,850,345 21 21 226,875,000 259,094 2,724,602 20.63 2.21 2.19 21.13 21.13 2.42 22.30 26.76 21 21 21 21 21 21 21 21 21 21 21 21 | We found 26 numbers that start with the digit 3. Here they are: 3,077,870 358 38.00 31.07 3,077,870 3,077,870 360 3,785 3,785 3,692 3,692 320,440 317,667 3,692 3,206,095 3,206,095 39,300,000 3,207,170 3,207,170 3,784,619 39,300,000 310,423 35.81 31.07 38.00 38.00 |
| 4's | 5's | 6's |
|---|---|---|
| We found 48 numbers that start with the digit 4. Here they are: 4,002,365 4,352,648 4,363,875 4,352,288 4,352,288 44,528.1082 4,002,365 44,528.1082 4,002,365 46,607.1028 4,352,648 46,607.1028 4,352,648 4,352,288 410 456,495 47,606 485,185 46,097 481,493 4,352,288 4,859,069 4,291,122 410 456,495 41,605,000 48,135,000 46.88 468,806.44 4,352,648 4,352,648 46,607.1028 4,352,648 48,089.8886 4,859,001 44,528.1082 4,291,074 410 46,722.8267 456,495 44,528.1082 46,025.7971 41,605,000 48,135,000 4,859,069 4,291,122 4.49 4.46 | We found 33 numbers that start with the digit 5. Here they are: 5,093,058 5,198,864 5,092,934 5,092,934 5,093,058 5,093,058 5,092,934 53,132 5,609 5,034,361 5,046,202 53,132 5,609 5,092,934 5,092,934 52,905,000 50.00 5,093,058 5,093,058 50,168.8832 5,053,954 5,093,058 50,534.6675 5,034,561 5,093,058 53,132 5,609 50,534.6675 5,000 52,905,000 5,046,202 51 50 | We found 9 numbers that start with the digit 6. Here they are: 666 666 6,530,000 6,030,000 666 6,530,000 6,030,000 6.93 6.12 |
| 7's | 8's | 9's |
|---|---|---|
| We found 13 numbers that start with the digit 7. Here they are: 7,584 7,584 7,584 7,584 789,023 7,584 75,120,006 75,594.8879 790,220 7,583,835 75,120,006 789,023 7.02 | We found 3 numbers that start with the digit 8. Here they are: 83 83 83 | We found 4 numbers that start with the digit 9. Here they are: 93 935,363 927,779 93,111 |
While the above ARKB 10Q Filed 11/14/2025 is interesting in isolation, we have found that it is also useful to take a look at older
ARK 21Shares Bitcoin ETF filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 11/14/2025 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical ARKB 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 11/14/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 252 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/26/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 134 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/13/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 74 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/13/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 252 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/12/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 118 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/26/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 24,807 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/13/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 161 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/9/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 122 ■ = Typical ARKB range from 3/26/2024 to 11/14/2025 | ||||||||||||||||||||||||||||||||||||