Ark Invest Offloads $2.8 Million in Bitcoin ETF Shares

On Monday, Ark Invest sold 44,609 shares of its spot Bitcoin exchange traded fund ARKB worth $2.8 million from its ETF Next Generation Internet (ARKW).

In total, Ark Invest has now divested $17.5 million from the Bitcoin ETF, including $7.8 million in ARKB shares sold in July.

The company’s investment strategy mandates that no single stock should exceed 10% of the ETF’s portfolio, a practice aimed at maintaining diversification within its funds.

That suggests Ark will likely continue to rebalance its asset allocation if ARKB appreciates relative to its other investments.

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ARKB remains the second-largest holding in its ARKW fund, accounting for 9.93% of the fund’s total value, valued at $139.7 million as of Sept. 24, according to company disclosures. That represents nearly 5% of the spot Bitcoin ETF’s total assets under management, which amount to $2.9 billion.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.