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  • Cathie Wood-Led Ark Invest, Offloads $12.6M In ProShares Bitcoin Strategy ETF Units, Acquires $21M Of Its Own Spot ETF Amid Cryp

Cathie Wood-Led Ark Invest, Offloads $12.6M In ProShares Bitcoin Strategy ETF Units, Acquires $21M Of Its Own Spot ETF Amid Cryp

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Benzinga

In a significant move on Monday, Cathie Wood-led Ark Invest made a headline-grabbing trade by selling a substantial amount of ProShares Bitcoin Strategy ETF (NYSE:BITO) units and concurrently increasing its stake in the ARK 21Shares Bitcoin ETF (NYSE:ARKB). This strategic shift in Ark Invest’s cryptocurrency portfolio aligns with recent market trends. The BITO TradeOn Monday, Ark Invest offloaded 648,091 units of BITO, worth $12.6 million, a move that aligns with Wood’s recent strategy of focusing more on their own Bitcoin ETF, ARKB. The BITO units were sold through ARK Next Generation Interne…

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