Ark Invest Sells $7.76 Million in Bitcoin ETF Shares
25.07.2024 15:33 1 min. read Alexander Stefanov
Ark Invest recently sold 118,209 shares of its ARKB spot Bitcoin ETF, totaling $7.76 million, from its Next Generation Internet ETF (ARKW).
This marks the first sale of ARKB shares since the ETF’s inception in January.
The investment firm, led by Cathie Wood, follows a strategy to ensure no single holding exceeds 10% of an ETF’s portfolio to maintain diversification.
Consequently, ARKB’s significant weighting in the ARKW ETF, at 10.98% as of July 24, suggests potential rebalancing.
As of the latest update, ARKB is the largest holding in ARKW, ahead of Tesla, Roku, and Coinbase.
ARKB’s value is currently at $162.5 million, reflecting a 31% gain since its launch, while ARKW’s overall performance has increased by 33% over the past year.
-
1
Here’s How Much Profit Strategy Has Made on Its Bitcoin Holdings
21.05.2025 15:00 1 min. read -
2
Bitcoin Set to Attract Over $400B in Institutional Investment by 2026, Report Says
25.05.2025 16:00 1 min. read -
3
Germany’s Bitcoin Sale Backfires as Missed Gains Top $2 Billion
20.05.2025 22:00 1 min. read -
4
Here’s What Prediction Markets Are Saying About Bitcoin’s Next Move
23.05.2025 10:00 2 min. read -
5
Bitcoin Rally Faces Pressure as Buying Momentum Wavers, Analyst Warns
30.05.2025 9:00 2 min. read
Blockchain Group Bets Big on Bitcoin With Bold €300M Equity Deal
French tech firm Blockchain Group has taken a major leap into Bitcoin territory, announcing a groundbreaking partnership with asset manager TOBAM that could see up to €300 million in fresh capital channeled into BTC purchases.
Bitcoin to Track Global Economy, Not Dollars, Says Crypto Expert
On-chain analyst Willy Woo has shared a long-term vision for Bitcoin that distances its value from fiat benchmarks and aligns it with a slice of the global economy.
Strategy Buys Another $110M in Bitcoin (BTC)
Strategy has acquired 1,045 more BTC for $110.2 million, raising its total holdings to 582,000 BTC—worth over $62 billion.
Michael Saylor Hints at Fresh Bitcoin Buy as Weekly Accumulation Continues
Michael Saylor, the outspoken Bitcoin advocate and founder of Strategy (formerly MicroStrategy), has once again signaled the company’s intention to add more BTC to its already massive holdings—continuing what appears to be a weekly accumulation ritual.
-
1
Here’s How Much Profit Strategy Has Made on Its Bitcoin Holdings
21.05.2025 15:00 1 min. read -
2
Bitcoin Set to Attract Over $400B in Institutional Investment by 2026, Report Says
25.05.2025 16:00 1 min. read -
3
Germany’s Bitcoin Sale Backfires as Missed Gains Top $2 Billion
20.05.2025 22:00 1 min. read -
4
Here’s What Prediction Markets Are Saying About Bitcoin’s Next Move
23.05.2025 10:00 2 min. read -
5
Bitcoin Rally Faces Pressure as Buying Momentum Wavers, Analyst Warns
30.05.2025 9:00 2 min. read