ARK Invest Reduces Block and Bullish Holdings Amid Bitcoin ETF Outflows
(1 hour ago) · 1 source · Summarized by CryptoBipto
ARK Invest has sold shares in Block and Bullish, two crypto-related companies, as outflows from Bitcoin ETFs continue. The investment firm, led by Cathie Wood, has been trimming its positions in several crypto-adjacent stocks. Bitcoin ETF outflows have persisted during this period.
WHY IT MATTERS
ARK Invest is a well-known investment firm that manages funds holding stocks and crypto-related assets, including a Bitcoin ETF (a product that lets people invest in Bitcoin through a regular brokerage account, like buying a stock).
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SOURCES
- newsbtc.com
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