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