Cathie Wood's Ark Invest Buys ARKB Spot Bitcoin ETF Shares, Offloads ProShares Holdings
Ark Invest, the asset management firm led by Cathie Wood, has sold holdings in ProShares Bitcoin Strategy ETF to purchase units in its newly launched Ark 21Shares spot Bitcoin ETF. This move has given Ark Invest an advantage over competitors due to its active portfolio management strategy and global availability to investors. Ark Invest will continue to buy ARKB spot Bitcoin ETF units until the target buying value is reached. Additionally, Cathie Wood commented on Bitcoin mining generating more annual revenue than some of the largest publicly traded companies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Launches PLUME On-chain Earn With 4.5% APR
Bitget Trading Club Championship (Phase 2) – Grab a share of 50,000 BGB, up to 500 BGB per user!
Bitget Trading Club Championship (Phase 2) – Grab a share of 50,000 BGB, up to 500 BGB per user!
Subscribe to UNITE Savings and enjoy up to 15% APR
Trending news
MoreCrypto prices
More








