Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ark-invest-sells-final-shares-in-bitcoin-strategy-etf/" data-wpel-link="internal">ARK Invest Sells Final Shares in Bitcoin Strategy ETF</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/milyonlarca-dolarin-calindigi-defi-altcoin-saldirisinda-mutlu-son" data-wpel-link="internal">In the world of cryptocurrency</a> today, there is a significant development concerning investors. This time, the news comes from Cathie Wood’s ARK Invest. According to the company’s move, 237,983 <strong>BITO</strong> shares have been sold, amounting to $6.7 million. The sale price was at $28.22.</p> 
<h2 style="text-align: justify" id="ark-invest-clears-out-its-last-holdings">ARK Invest Clears Out Its Last Holdings</h2> 
<p style="text-align: justify"><strong>ARK Invest</strong>, while waiting for the approval of spot <a href="https://coin-turk.com/piyasalardaki-dusus-derinlesiyor-btc-usdt-luna-son-durum" data-wpel-link="internal">Bitcoin</a> ETFs in the USA, planned a short-term strategy. Accordingly, they purchased over 4 million BITO shares at the end of last year, planning to swap them upon approval.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-344891 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/ark-invest-coin-turk-com-.png" alt="" width="605" height="274"></p> 
<p style="text-align: justify">After steady sales in January, ARK sold the last of its BITO shares last week. Cathie Wood’s ARK Invest has now divested the final shares in the ProShares <a href="https://en.coin-turk.com/bitcoin-and-altcoin-analysis-sleepless-nights-coming-soon/" data-wpel-link="internal">Bitcoin</a> Strategy ETF (BITO).</p> 
<h2 style="text-align: justify" id="a-significant-part-of-the-fund-remains-in-arkb">A Significant Part of the Fund Remains in ARKB</h2> 
<p style="text-align: justify">This move by Cathie Wood-led ARK Invest is drawing attention. On Thursday, their sale of the final shares in the ProShares Bitcoin Strategy ETF (BITO) raises questions about what changes this will bring to the market. Whether these sales indicate a shift in strategic goals or just an effort to rebalance their portfolio will be seen over time.</p> 
<p style="text-align: justify">Moreover, it should be noted that ARK’s interest in its own ARK 21Shares Bitcoin ETF (ARKB) continues. 10% of the fund is in ARKB. <strong>ARKB</strong> was trading at $64.76 at Thursday’s closing, with ARK Invest holding 2,480,644 shares valued at $160.6 million.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ark-invest-sells-final-shares-in-bitcoin-strategy-etf/" data-wpel-link="internal">ARK Invest Sells Final Shares in Bitcoin Strategy ETF</a></h5>

ARK Invest Sells Final Shares in Bitcoin Strategy ETF

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