ARK Invest continues to shift out of ProShares Bitcoin Strategy ETF (BITO) and into its own recently listed spot bitcoin ETF.
According to a trading disclosure sent out on Jan. 18, the ARK Next Generation Internet ETF (ARKW) sold 758,915 shares of BITO, worth approximately $15 million, and bought 365,695 shares of ARKB, its own bitcoin ETF, also worth $15 million.
CoinDesk previously reported that ARK has sold its holdings in GBTC and acquired BITO shares, anticipating the approval of spot bitcoin ETFs in the U.S., with plans to swap BITO for a spot bitcoin ETF upon approval, making the move expected.
