Investment Company ARK Invest Sold $6.7 Million in ETF Assets! So What's He Buying Now? Here are the Details

CoinMarketCap04-26

Cathie Wood's ARK Invest completed divesting its holdings in the ProShares Bitcoin Strategy ETF (BITO), selling the last of its shares on Thursday. ARK Sold the Last of Its ProShares Bitcoin Futures ...

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So What's He Buying Now? Here are the Details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 23:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/662bc9829365b76cc4a19561/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood's ARK Invest completed divesting its holdings in the ProShares Bitcoin Strategy ETF (BITO), selling the last of its shares on Thursday.\nARK Sold the Last of Its ProShares Bitcoin Futures ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/662bc9829365b76cc4a19561/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARKK","symbol_name":"ARK Innovation ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/662bc9829365b76cc4a19561/","article_id":"2430020765","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/a87d6683a67e474bb0545e07a0dc7994.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430020765","pubTimestamp":1714145662,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Cathie Wood's ARK Invest completed divesting its holdings in the ProShares Bitcoin Strategy ETF (BITO), selling the last of its shares on Thursday. ARK Sold the Last of Its ProShares Bitcoin","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARKK":"ARK Innovation ETF","BK4588":"碎股","BK4550":"红杉资本持仓","FDN":"First Trust Dow Jones Internet I","BITO":"ProShares Bitcoin Strategy ETF","BK4594":"比特币ETF概念","ARKW":"ARK Next Generation Internation ETF","BK4544":"ARK ETF合集","ARKB":"ARK 21Shares Bitcoin ETF","BK4585":"ETF&股票定投概念"},"translate_title":"投资公司ARK Invest出售了670万美元的ETF资产！那他现在要买什么？以下是细节","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKB":1,"ARKK":1,"ARKW":1,"BITO":1,"FDN":1},"content_text":"Cathie Wood's ARK Invest completed divesting its holdings in the ProShares Bitcoin Strategy ETF (BITO), selling the last of its shares on Thursday.\nARK Sold the Last of Its ProShares Bitcoin Futures ETF Shares\nThe investment firm removed 237,983 BITO shares, valued at $6.7 million, from its Next Generation Internet ETF (ARKW), based on Thursday's closing price of $28.22 per share.\nARK Invest had initially purchased more than 4 million shares of BITO late last year as a short-term investment in anticipation of the approval of spot Bitcoin ETFs in the United States.\nThe plan was to trade these shares once spot Bitcoin ETFs received approval.\nARK Invest, which initiated consistent sales in January, completed the disposal of the remaining BITO shares.\nRelated News: After BlackRock, Another Investment Giant Is Moving Traditional Finance to Blockchain! Here are the Details\nAs ARK exits its position in BITO, its focus shifts to its own ARK 21Shares Bitcoin ETF (ARKB), which is currently the fund's largest holding.\nARKB owns 2,480,644 shares worth $160.6 million based on Thursday's closing price of $64.76 per share. This allocation weighs 10.4% of the fund's total value.\nThis move underscores ARK Invest's strategic adjustments in response to evolving market dynamics and regulatory developments in the cryptocurrency space.\n*This is not investment advice.\n Continue Reading: Investment Company ARK Invest Sold $6.7 Million in ETF Assets! So What's He Buying Now? 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