ARK Sells Off GBTC Shares, Becomes Second-largest Holder of ProShares Bitcoin Futures ETF



ARK Invest has sold its remaining $200 million worth of Grayscale Bitcoin Trust (GBTC) shares and used $100 million to buy shares in the ProShares Bitcoin Strategy ETF (BITO). This move makes ARK Invest the second-largest holder of the Bitcoin futures ETF. The asset manager sold 2.25 million GBTC shares and purchased 4.32 million shares of the ProShares Bitcoin Strategy ETF
ARK-1.35%
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