EA Series Trust - ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD) is an actively managed exchange-traded fund that seeks capital appreciation through investments in Bitcoin (BTC) futures contracts and equities of companies engaged in the blockchain industry and digital economy; it provides exposure to BTC futures via the affiliated ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and/or a Cayman Islands subsidiary holding standardized BTC futures contracts that are strategically rolled for optimal yield; the equity portion targets pure-play companies in blockchain development, digital payments, online brokerage, digital asset infrastructure, semiconductors, and other digital economy innovations selected via proprietary qualitative and quantitative models. The fund maintains flexibility across market conditions with up to 80% allocation to BTC futures or related assets and holds short-term cash instruments for liquidity and collateral; it operates globally with holdings concentrated in the United States (approximately 71%), Canada, and Brazil; it does not directly invest in spot BTC or other digital assets. Launched on November 14, 2023, ARKD is a series of EA Series Trust, headquartered at 19 East Eagle Road, Havertown, Pennsylvania. In a significant recent development, Empowered Funds, LLC, the investment adviser, announced the scheduled liquidation of ARKD alongside ARKA and ARKZ, with the last trading day on September 25, 2025, and liquidation around September 26, 2025.