PANews reported on September 24 that according to The Block, Ark Invest, led by Cathie Wood, once again sold 44,609 shares of its own spot Bitcoin ETF (ARKB) worth $2.8 million. This is part of the company's operation to rebalance fund holdings.
So far, Ark Invest has sold a total of $17.5 million in ARKB shares, but still holds $139.7 million worth of Bitcoin ETFs, accounting for 9.93% of its Next Generation Internet ETF (ARKW). This move is to ensure that a single asset does not exceed 10% of the ETF portfolio to maintain investment diversification.