ARK Invest Sells Last of ProShares Bitcoin Strategy ETF Shares in Anticipation of Spot Bitcoin ETF Approval
ARK Invest, led by Cathie Wood, has sold the last of its shares in ProShares Bitcoin Strategy ETF (BITO) worth $6.7 million. The investment firm had bought over 4 million BITO shares last year as a short-term play in anticipation of the approval of spot bitcoin ETFs in the U.S. Following consistent sales in January, ARK has now sold all of its BITO shares. ARK's own ARK 21Shares Bitcoin ETF (ARKB) is now the fund's largest holding with a 10.4% weighting of the fund's total value.
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.
You may also like
XRP rises over 20%, spurred by favorable regulatory environment, ETF filing
The price of Ripple’s XRP token has rocketed up over 20% in the past 24 hours, likely buoyed by hopes of a favorable regulatory environment and the resolution of its long-running legal battle with the SEC.21Shares recently filed for an XRP ETF, hoping to bring a fund to market in the likeness of its spot Bitcoin and Ethereum ETFs.
Miner Greenidge Generation Wins Court Case and Will Continue Operations
Dogecoin Investors Drop Class Action Lawsuit Against Elon Musk
Bitcoin Depot Crypto ATM Operator's Revenue Drops 25%
Trending news
MoreCrypto prices
More
