CoinDesk - ARK Invest swapped Grayscale holdings for BITO, adjusting their Bitcoin exposure amidst potential US spot ETF approval

in blockchain •  8 months ago 

https://www.coindesk.com/business/2023/12/28/cathie-woods-ark-invests-in-proshares-bitcoin-etf-after-dumping-grayscale-holdings/
Screenshot_20231231-190616_Brave.jpg

ARK Invest swapped 9.2 million of its Grayscale Bitcoin holdings for ProShares BITO ETF, solidifying their Bitcoin exposure with a different fund.

They also offloaded some Coinbase stock and dipped into their own Bitcoin futures ETF, suggesting ongoing portfolio adjustments within the crypto realm.

This reshuffle coincides with potential approval for spot Bitcoin ETFs in the US, which could further boost market dynamics in the new year.

Beware of Bitcoin ETF hype!!

Screenshot_20211106-080453_DesignEvo.jpg

blockchain horror hype ark grayscale bitcoin us etf
8 months ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$17.98
  • Past Payouts $17.98
  • - Author $8.99
  • - Curators $8.99
42 votes
1
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  8 months ago 

    Upvoted! Thank you for supporting witness @jswit.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00