Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF
Ark Invest offloaded 44,609 ARKB spot Bitcoin ETF shares on Monday, worth $2.8 million, as the investment firm rebalanced its fund weightings.The Cathie Wood-led firm has sold a total of $17.5 million in ARKB shares from its ARKW fund but still holds $139.7 million of the spot Bitcoin ETF.
Ark Invest sold 44,609 shares of its ARKB spot Bitcoin BTC +0.16% exchange-traded fund, worth $2.8 million, from its Next Generation Internet ETF (ARKW) on Monday.
According to the firm’s disclosures, ARKB is still the second-largest holding within its ARKW fund, with a weighting of 9.93%, worth $139.7 million, as of Sept. 24. That’s the equivalent of nearly 5% of the spot Bitcoin ETF’s total $2.9 billion in assets under management, according to The Block’s ARK 21Shares Bitcoin ETF page. Tesla stock is the largest holding in the ARKW fund at 10.15%, worth $142.9 million.
ARKB traded for $63.25 at market close on Monday, up 0.8% for the day and 26.5% year-to-date, according to TradingView. Bitcoin traded flat over the past 24 hours, up 0.3%, and is changing hands for $63,676, according to The Block’s Bitcoin Price Page .
ARKB/USD price chart. Image: TradingView .
The U.S. spot Bitcoin ETFs saw combined net inflows of $4.5 million on Monday, extending their recent positive streak to three days, totaling more than $250 million.
Meanwhile, U.S. spot Ethereum ETFs slumped to their largest net daily outflows since late July, with $79.3 million exiting the funds yesterday.
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.
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