Posted 1/26/2024, 1:11:00 PM
Bitcoin Rebounds to $41K; ARK Invest Swaps to Bitcoin ETF While Celo Eyes Layer-2 Scaling
- Bitcoin regains $41K by end of week, crypto market up but still down 14% from highs after bitcoin ETF launch
- ARK Invest sells $42.8M of ProShares Bitcoin Trust ETF (BITO), buys $62.3M of ARK 21 Bitcoin ETF (ARKB)
- Celo blockchain developers wrapping up evaluation process to choose layer-2 solution for Ethereum integration, with Optimism, Polygon, zkSync and Arbitrum as options
- ARK held BITO as short-term play before swapping to ARKB spot bitcoin ETF
- No specific timeline given for final Celo layer-2 recommendation, but working to have comprehensive proposal as fast as possible