No, this is incorrect. Most of arctic ice is landlocked: it is currently not in ocean waters. This is why its melting directly contributes to sea level rise.
Imagine filling half of a salad bowl with water, then resting a strainer full of ice on top of the bowl. As the ice melts, the water will drip into the bowl and raise the water level. That's basically what is happening with the arctic ice.
Imagine filling half of a salad bowl with water, then resting a strainer full of ice on top of the bowl. As the ice melts, the water will drip into the bowl and raise the water level. That's basically what is happening with the arctic ice.