Shift

Bitcoin ETF

Ark Invest, led by Cathie Wood, recently offloaded 44,609 shares of its spot Bitcoin Exchange Traded (ETF) ARKB from its Next Generation Internet ETF (ARKW).&nbsp;
The offloaded shares are valued at $2.8 million. This move marks the latest sales, following a $6.9 million offload, <a href="https://thecoinrise.com/cathie-woods-ark-invest-offloads-2-7m-coinbase-shares/" rel="noopener noreferrer nofollow">$2.7 million out of its Coinbase Shares</a> on August 1. In addition to this, the investment firm carried out a $7.8 million sale in July. Ark Invest has sold $17.5 million worth of its Bitcoin ETF shares in 2024.
<h2 id="b-ark-invest-trims-bitcoin-etf-holdings-to-maintain-diversification-b">Ark Invest Trims Bitcoin ETF Holdings to Maintain Diversification</h2>
The Cathie Wood firm revealed that this sale is part of a broader strategy to rebalance the firm’s fund weightings amid market fluctuations. The firm’s rebalancing strategy is driven by its policy to ensure that no asset in its ETF portfolios exceeds a 10% weighting.&nbsp;
The investment firm is geared toward maintaining diversification across its holdings. If ARKB or any other asset increases, Ark Invest will periodically sell shares to avoid concentration risk.&nbsp;
Despite these sales, ARKB remains Ark Invest’s second-largest holding within its ARKW fund, with a 9.93% allocation. As of today, the allocation is equivalent to $139.7 million. Meanwhile, Tesla holds the largest holding in ARKW, making up to 10.15%, valued at $142.9 million of the fund.
<h2 id="b-ark-invest-keeps-bullish-stance-on-bitcoin-amidst-risk-management-b">Ark Invest Keeps Bullish Stance on Bitcoin Amidst Risk Management</h2>
This strategic approach reflects Ark Invest’s focus on managing risk while maintaining strong exposure to Bitcoin’s potential. As of Monday, ARKB was trading at $63.25, showing a 0.8% rise for the day and an impressive 26.5% increase year-to-date. In comparison, Bitcoin’s performance was more stable, trading at $63,556.46, up by 0.7% in the past 24 hours, as per <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data.&nbsp;
Ark Invest’s Bitcoin ETF, ARK 21Shares, holds $2.9 billion in total assets under management, with the ARKB shares representing nearly 5% of that total. <a href="https://thecoinrise.com/bitcoin-will-surpass-1m-by-2030-ark-invests-ceo-cathie-wood-toncoin-ton-breaks-key-resistance-this-ai-altcoin-nears-12m-in-presale/" rel="noopener noreferrer nofollow">Cathie Wood’s bullishness</a> and continued involvement in Bitcoin highlight her belief in the cryptocurrency’s long-term value. This is in spite of the company regularly adjusting its holdings to align with its broader investment strategy.&nbsp;
<h2 id="b-bitcoin-etfs-thrive-as-ethereum-funds-face-significant-outflows-b">Bitcoin ETFs Thrive as Ethereum Funds Face Significant Outflows</h2>
This sale comes when spot Bitcoin ETFs are gaining attention, especially in the United States, where regulatory approval is still pending.&nbsp;
The U.S. spot Bitcoin ETFs are experiencing a notable resurgence, with a combined net inflow of $4.5 million reported on Monday. On September 14, it was reported that the digital investment product broke <a href="https://thecoinrise.com/spot-bitcoin-etfs-break-another-major-outflow-streak-with-263m-inflow/" rel="noopener noreferrer nofollow">another major outflow streak with a $263 inflow</a>.&nbsp;
In contrast, U.S. spot Ethereum ETFs remained an outlier, recording its largest net daily outflows since late July.&nbsp; On Monday, these funds saw an outflow of $79.3 million.
The post <a href="https://thecoinrise.com/ark-invest-sells-2-8m-in-bitcoin-etf-amid-strategic-portfolio-shift/" rel="noopener noreferrer nofollow">Ark Invest Sells $2.8M in Bitcoin ETF Amid Strategic Portfolio Shift</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Ark Invest Sells $2.8M in Bitcoin ETF Amid Strategic Portfolio Shift

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