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Bloomberg Analyst: ARK has sold all remaining GBTC positions and used half of the funds to purchase BITO
2023/12/28 02:47
Bloomberg ETF analyst Eric Balchunas said that today, ARK sold all its remaining GBTC positions (which was the largest holding of ARKW a month ago), and used about half of the funds (around $100 million) to purchase BITO. This may be as a transitional tool to maintain beta for Bitcoin, just like how ARK is now the second-largest holder of BITO.
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