ARK/21Shares may play a critical strategic move in the Bitcoin Exchange-Traded Fund (ETF) competition. According to a Bloomberg analyst, the global asset manager could possibly divert $130 million from its investment in Grayscale Bitcoin Trust (GBTC) to a Bitcoin ETF named ARKB.
This pioneering move is regarded as an early Bring-Your-Own-Asset (BYOA) strategy, providing a fundamental boost but not guaranteeing a substantial surge in the ETF's value. Nevertheless, the step would provide ARK a competitive edge as it battles industry majors like BlackRock and Fidelity.
