Cathie Wood’s investment management firm Ark Invest is on a buying spree for crypto-related shares including its Ark 21Shares spot Bitcoin ETF (ARKB). ARK Next Generation Internet ETF (ARKW) purchased 1.27 million ARKB units worth $51 million last week.
Cathie Wood’s Ark Invest Bought ARKB Units
Cathie Wood’s ARK Next Generation Internet ETF (ARKW) continued its purchase of Ark 21Shares spot Bitcoin ETF (ARKB) this week. However, ARKW didn’t purge ProShares Bitcoin Strategy ETF (BITO) to buy ARKB this week amid a number of earning announcements this week.
ARKW purchased 58,468 units of ARKB worth $2.5 million on January 29. ARK Innovation ETF (ARKK) and ARKW funds also purchased Tesla shares worth millions. ARKK has over $600 million worth of Tesla (TSLA) shares.
ARK Next Generation Internet ETF holds 2,480,644 ARKB shares worth $106,816,530, as per holdings data by ARK Invest. The funds also reduced its ProShares Bitcoin Strategy ETF (BITO) to 285,167 shares valued at $5.81 mi
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