Ark Invest’s aggressive accumulation of its Bitcoin ETF propels it into top 5 of ARKW portfolio
Summary
Ark Invest has increased its holdings of the Ark 21Shares Spot Bitcoin ETF (ARKB) within the Ark Next Generation Internet ETF (ARKW) portfolio, acquiring 267,804 shares worth $12.3 million. It has reduced its holdings in the ProShares Bitcoin Strategy (BITO) ETF. ARKB now holds the fifth position in ARKW's portfolio, with 2.1 million shares valued at over $87 million. This strategic move aligns with market expectations and has propelled ARKB to third place among spot Bitcoin ETFs, with assets under management exceeding $500 million.
