
Ark Invest sells $40M in Bitcoin ETF
Ark Invest has sold about $40 million of its ARK 21Shares Bitcoin ETF (ARKB) while reducing several crypto-linked stock positions.
ARK Invest bought about US$21 million worth of Block shares, according to a report.
Ark Invest has bought about $251,000 worth of shares in BitMine Immersion Technologies and a Solana (CRYPTO:SOL) exchange-traded fund.
ARK Invest increased its investment in Circle by buying about US$13.9 million in shares while reducing its position in Robinhood.
ARK Invest purchased about US$43.5 million of crypto-related stocks over the past three trading days, led by additional investments in Coinbase Global and Circle Internet Group as the sector traded lower.