ARK Invest Ditches Bitcoin Futures ETF For Its Own Spot Bitcoin Fund
- ARK Invest sold $42.7M of BITO bitcoin futures ETF shares over the past week
- Meanwhile, ARK bought $62.3M worth of its own ARKB spot bitcoin ETF
- ARK held BITO as a short-term play while awaiting approval of spot bitcoin ETFs
- ARKW now has 5.98% portfolio weighting in ARKB, down from BITO
- ARK's sales of BITO shares follow its earlier selling of Grayscale Bitcoin Trust