According to TechFlow, on July 25, Ark Invest sold 118,209 ARKB spot Bitcoin ETF shares through its ARKW on Wednesday, worth $7.76 million. This is the first time the company has sold ARKB shares since launching the spot Bitcoin ETF in January this year. According to the latest disclosure, ARKB is the largest holding in the ARKW ETF, with a weight of 10.98% as of July 24, higher than Tesla (9.5%), Roku (8.48%) and Coinbase (8.23%).
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Ark Invest Sells $7.76 Million of ARKB Spot Bitcoin ETF Shares
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