Jamie Crawley is a CoinDesk news reporter based in London.
ARK bought over 4 million BITO shares late last year as a short-term play in anticipation of the approval of spot bitcoin ETFs in the U.S., with plans to swap them once the approval came.Cathie Wood's ARK Invest offloaded the last of its shares in ProShares Bitcoin Strategy ETF on Thursday.
The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday's closing price of $28.22 from its Next Generation Internet ETF . ARK bought over 4 million of the shares late last year as a short-term play in anticipation of the approval of spot bitcoin ETFs in the U.S., with plans to swap them once the approval came.fund's largest holding
with 2,480,644 shares, worth $160.6 million at Thursday's closing price of $64.76. This constitutes a 10.4% weighting of the fund's total value.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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