Crypto
Ark Invest Unloads $40 Million in ARK 21Shares Bitcoin ETF Amid BTC Price Surge
Ark Invest sold approximately $40 million worth of shares in the ARK 21Shares Bitcoin ETF (BATS: ARKB) on Monday, despite a significant price increase in Bitcoin over the past month.
The company, founded by Cathie Wood, dumped 466,133 shares through its ARK Next Generation Internet ETF (BATS: ARKW) and 1.06 million shares through ARK Blockchain & Fintech Innovation ETF (BATS: ARKF), tracking Bitcoin's 23% climb over the past month.
The sale comes ahead of the Senate's vote on the CLARITY Act on Tuesday, which has yet to achieve bipartisan consensus.