On Wednesday,Cathie Wood-ledArk Investmade a significant move in the cryptocurrency space, purchasing over $92 million worth ofProShares Bitcoin Strategy ETF(NYSE:BITO). This trade comes amidst a dynamic period in the crypto market, aligning with Ark Invest's strategic adjustments in response to evolving market conditions.
The ProShares Bitcoin Strategy ETF Trade
Ark purchased 4,320,928 units of BITO throughARK Next Generation Internet ETF(NYSE:ARKW) on Wednesday. For the day, BITCO closed 3.2% higher at $21.31. The transaction was valued at $92.08 million.
Ark Invest's acquisition of the ProShares Bitcoin Strategy ETF represents a substantial investment in the...
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