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Bloomberg Analyst: ARK Invest liquidates GBTC position and buys BITO

Bloomberg Analyst: ARK Invest liquidates GBTC position and buys BITO

CointimeCointime2023/12/28 02:58
By:Cointime

On December 28th, Bloomberg ETF analyst Eric Balchunas posted on social media that ARK Invest has sold all of its remaining GBTC positions (which was ARKW's largest holding a month ago) and used half of the funds to purchase shares of ProShares Bitcoin Futures ETF (BITO), possibly as a liquidity transition tool to maintain its beta with Bitcoin at a certain level when transitioning to ARKW or ARKB.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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