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Coin Edition 2023-12-28 06:09:43

Breaking: ARK Invest Sells GBTC, Invests $100 Million in BITO ETF

Senior ETF analyst Eric Balchunas, on social media platform X, announced that ARK Investment Management sold its remaining GBTC (Grayscale Bitcoin Trust) position. This strategic move comes just a month after GBTC claimed the title as ARKW’s most significant holding. Notably, ARK has swiftly reinvested approximately $100 million into $BITO, the ProShares Bitcoin Strategy ETF, The post Breaking: ARK Invest Sells GBTC, Invests $100 Million in BITO ETF appeared first on Coin Edition .

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