CoinVoice recently learned that according to The Block, Ark Invest sold 118,209 shares of ARKB spot Bitcoin ETF on Wednesday, worth $7.76 million, as Ark Invest rebalanced its fund weights. This is the first time Ark has sold ARKB shares since launching the spot Bitcoin ETF in January.

Ark's investment strategy aims to not have any single holding make up more than 10% of the ETF's portfolio. This is to maintain diversification within its fund - meaning that if ARKB rises relative to Ark's other holdings in the fund, it will likely continue to adjust its weighting. [Original link]