In a major portfolio reshuffle, ARK Invest divests from Grayscale Bitcoin Trust and invests $100 million in Bitcoin futures ETF, BITO. Read about their strategic moves, including investments in ARKA and the anticipated ARKB, showcasing their innovative approach in the ETF market. ARK Invest Divests from GBTC, Allocates Half to BITO Renowned investor Cathie Wood's asset management giant, ARK Invest, has reportedly sold all its holdings in Grayscale Bitcoin Trust (GBTC) as part of a portfolio reshuffle. Earlier this year, in October, the firm sold about 100,000 shares of GBTC from its ARK Next Generation Internet ETF (ARKW), and on ...
