Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF
Ark Invest offloaded 44,609 ARKB spot Bitcoin ETF shares on Monday, worth $2.8 million, as the investment firm rebalanced its fund weightings.The Cathie Wood-led firm has sold a total of $17.5 million in ARKB shares from its ARKW fund but still holds $139.7 million of the spot Bitcoin ETF.
Ark Invest sold 44,609 shares of its ARKB spot Bitcoin BTC +0.16% exchange-traded fund, worth $2.8 million, from its Next Generation Internet ETF (ARKW) on Monday.
According to the firm’s disclosures, ARKB is still the second-largest holding within its ARKW fund, with a weighting of 9.93%, worth $139.7 million, as of Sept. 24. That’s the equivalent of nearly 5% of the spot Bitcoin ETF’s total $2.9 billion in assets under management, according to The Block’s ARK 21Shares Bitcoin ETF page. Tesla stock is the largest holding in the ARKW fund at 10.15%, worth $142.9 million.
ARKB traded for $63.25 at market close on Monday, up 0.8% for the day and 26.5% year-to-date, according to TradingView. Bitcoin traded flat over the past 24 hours, up 0.3%, and is changing hands for $63,676, according to The Block’s Bitcoin Price Page .
ARKB/USD price chart. Image: TradingView .
The U.S. spot Bitcoin ETFs saw combined net inflows of $4.5 million on Monday, extending their recent positive streak to three days, totaling more than $250 million.
Meanwhile, U.S. spot Ethereum ETFs slumped to their largest net daily outflows since late July, with $79.3 million exiting the funds yesterday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
With retail investors leaving, what will drive the next bull market?
Bitcoin has recently plummeted by 28.57%, leading to market panic and a liquidity crunch. However, long-term structural positives are converging, including expectations of Federal Reserve rate cuts and SEC regulatory reforms. The market currently faces a contradiction between short-term pressures and long-term benefits. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved.
Tether's "son" STABLE crashes? Plunges 60% on first day, whale front-running and no CEX listing spark trust panic
The Stable public blockchain has launched its mainnet. As a project associated with Tether, it has attracted significant attention but performed poorly in the market, with its price plummeting by 60% and facing a crisis of confidence. It is also confronted with fierce competition and challenges related to its tokenomics. Summary generated by Mars AI. The accuracy and completeness of the content are still being iteratively updated.
Hassett: The Fed has ample room to cut interest rates significantly.
From "Crime Cycle" to Value Reversion: Four Major Opportunities for the Crypto Market in 2026
We are undergoing a “purification” that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.
Trending news
MoreCrypto prices
More
