Cathie Wood’s investment firm, ARK Invest, is making some noteworthy changes to its portfolio. In a recent trading disclosure, ARK revealed its decision to reduce its reliance on the ProShares Bitcoin Strategy ETF (BITO) and instead focus on its own spot bitcoin ETF. This move was evident as ARK’s Next Generation Internet ETF (ARKW) sold off 28,936 shares of BITO and simultaneously acquired 139,152 shares of ARKB, which is ARK’s proprietary bitcoin ETF. Not stopping there, ARK also entered the world of Ether investments by purchasing 41,068 shares of the ProShares Ether ETF. These strategic shifts demonstrate ARK’s commitment to diversifying its holdings and capitalizing on the growing importance of cryptocurrencies like bitcoin and Ether.
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Cathie Wood’s Ark Sells BITO, Buys Ark Spot ETF & ProShares Ether ETF Shares
