#ARK Investment Management has sold the remaining 237,983 shares of the ProShares #Bitcoin Strategy ETF (BITO), valued at $6.7 million, from its ARKW ETF.
This move completes a strategic play initiated last year when ARK bought over 4 million BITO shares, anticipating U.S. approval of spot bitcoin #ETFs
ARK's largest current holding is now in its own ARK 21Shares Bitcoin ETF (ARKB), representing a significant portion of the fund's total value.