Ark Invest Cashes Out $40 Million From Bitcoin ETF Even as BTC Pops 23% Over a Month
Cathie Wood-led Ark Invest dumped a sizable stake in ARK 21Shares Bitcoin ETF on Monday after the ETF’s impressive run in recent sessions.
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Why It Matters
Ark Invest sold a big chunk of its Bitcoin fund. Even when an investment goes up fast, smart managers sometimes take profits.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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