Cathie Wood-led ARK Invest divests BITO shares to double down on in-house Bitcoin ETF
Asset management firm ARK Invest has strategically incorporated the Ark 21Shares Spot Bitcoin ETF (ARKB) into its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate. In this move, the Cathie Wood-led firm liquidated 757,664 shares of the ProShares Bitcoin Strategy ETF (BITO) at an approximate value of $15.8...