Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
ARK Invest Sells Shares of ProShares Bitcoin Trust ETF While Accumulating Its Own Spot Bitcoin ETF

ARK Invest Sells Shares of ProShares Bitcoin Trust ETF While Accumulating Its Own Spot Bitcoin ETF

CointimeCointime2024/01/26 10:43
By:Cointime

ARK Invest has sold over 2 million shares of ProShares Bitcoin Trust ETF (BITO) in the past week, while buying its own spot bitcoin exchange-traded fund. The investment firm sold the shares from its Next Generation Internet ETF (ARKW) for approximately $42.8 million, while buying shares in the ARK 21 Shares Bitcoin ETF (ARKB) for around $62.3 million. ARKB closed on Thursday at $39.87, up 0.68% on the day. ARKW now holds $91.4 million of ARKB and only 366,128 BITO shares.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!