Cathie Wood-led asset management firm Ark Invest disposed of $2.8 million in shares of its spot Bitcoin ETF, ARKB, on Monday.
Cathie Wood-led asset management firm Ark Invest disposed of $2.8 million in shares of its spot Bitcoin ETF, ARKB, on Monday. The firm sold the shares from its Next Generation Internet ETF (ARKW fund) at the closing price of $63.25 per unit.
This sale is part of Ark Invest’s latest move to restructure and rebalance its fund weightings. It brought the company’s sales of the BTC ETF over the past few months to $17.5 million.
Ark Invest’s latest ETF sales come as Bitcoin tested the $64,000 region again.Ark Invest Sells Shares of Its Spot Bitcoin ETF
On Monday, September 23, Ark Invest’s Next Generation Internet ETF disposed of 44,409 shares of its ARKB spot BTC ETF holdings worth $2.82 million at a closing price of $63.25 per share.
Within the past few weeks, the firm has sold up to $17.5 million in shares of its spot Bitcoin ETF, ARKB. In August and July, it sold about $6.
