Bloomberg Analyst: ARK Invest liquidates GBTC position and buys BITO
On December 28th, Bloomberg ETF analyst Eric Balchunas posted on social media that ARK Invest has sold all of its remaining GBTC positions (which was ARKW's largest holding a month ago) and used half of the funds to purchase shares of ProShares Bitcoin Futures ETF (BITO), possibly as a liquidity transition tool to maintain its beta with Bitcoin at a certain level when transitioning to ARKW or ARKB.
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.
You may also like
Axie Infinity expands with Atia’s legacy
Bankman-Fried marks 33 years in prison
ROAMUSDT now launched for futures trading and trading bots
Women Crypto Investors Surge Tenfold In 2024-25: Explore Best New Crypto To Buy!
Crypto prices
More
