ARK Sells Last of Its ProShares Bitcoin Futures ETF Shares
Summary
ARK Invest, led by Cathie Wood, has sold the last of its shares in ProShares Bitcoin Strategy ETF (BITO), amounting to 237,983 shares worth $6.7 million. The shares were initially purchased last year in anticipation of the approval of spot bitcoin ETFs in the U.S. ARK's own ARK 21Shares Bitcoin ETF (ARKB) is now the fund's largest holding, with 2,480,644 shares valued at $160.6 million, making up 10.4% of the fund's total value.
