Ark invest is buying shares of its new Bitcoin spot ETF.
After fully unloading the Grayscale Bitcoin Trust, it is now also unloading the Proshares ETF.
It is what Bloomberg analyst Katie Greifeld reports.
it begins
Ark sold $BITO to buy its own spot Bitcoin ETF $ARKB in its Next Generation Internet ETF today pic.twitter.com/5WYEj564C0
— Katie Greifeld (@kgreifeld) January 17, 2024
Ark’s Bitcoin ETFs
Ark Invest, by Cathie Wood, has created and manages several ETFs.
The company is famous above all for its actively managed ETFs, including the ARK Next Generation Internet ETF (ARKW).
In the past, this managed ETF had holdings of Grayscale Bitcoin Trust (GBTC) shares, but it has sold them as its own Bitcoin ETF launch approaches.
The fact is that part of those actions had been purchased when they had a strong discount on NAV, and were sold by ARKW when the discount had significantly reduced, resulting in a clear gain.
As of today, it appears that this Ark ETF has sold all the GBT
We współpracy z: https://en.cryptonomist.ch/2024/01/19/ark-is-buying-its-bitcoin-etf/
