Ark Invest, the asset management firm led by Cathie Wood, has sold holdings in ProShares Bitcoin Strategy ETF to purchase units in its newly launched Ark 21Shares spot Bitcoin ETF. This move has given Ark Invest an advantage over competitors due to its active portfolio management strategy and global availability to investors. Ark Invest will continue to buy ARKB spot Bitcoin ETF units until the target buying value is reached. Additionally, Cathie Wood commented on Bitcoin mining generating more annual revenue than some of the largest publicly traded companies.

Cathie Wood's ARK Invest bought 316,526 shares of the ARK 21 Shares Bitcoin ETF (worth about $13.21 million) through the ARKW fund yesterday, while selling 510,337 shares of the ProShares Bitcoin Strategy ETF (worth about $10.25 million).

Lookonchain monitoring indicates that in Q4 2023, Cathie Wood's ARK Invest sold 2 million shares of Coinbase (worth $218.4 million) and all 5.63 million shares of Grayscale Bitcoin Trust (worth $159.8 million). They then bought 4.55 million shares of ProShares Bitcoin Strategy ETF (worth $82.3 million) and 2.1 million shares of Robinhood (worth $20.87 million).

According to the statistics of Ark Invest Daily on January 17th, Cathie Wood's ARK Invest bought 385,427 shares of ARK 21SHARES BITCOIN ETF through the ARKW fund on January 16th (valued at approximately $15.89 million at yesterday's closing price), while selling 757,664 shares of ProShares Bitcoin Strategy ETF (valued at approximately $15.84 million at yesterday's closing price).

Cathie Wood's Ark Invest sold a total of 133,823 shares of Coinbase stock COIN through ARKK, ARKW, and ARKF funds on Friday (January 5), worth about $20.6 million.

Cathie Wood's ARK Invest sold over $25 million worth of Coinbase (COIN) stock from its two exchange-traded funds (ETFs) on Wednesday. The investment firm sold a total of 166,183 COIN shares from its Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW), valued at $25.3 million based on the closing price of the cryptocurrency exchange.

ARK Invest, the investment firm led by Cathie Wood, has sold off its remaining holdings of Grayscale Bitcoin Trust (GBTC) shares, worth around $200 million, and used $100 million of the proceeds to buy shares in the ProShares Bitcoin Strategy ETF (BITO). This move has made ARK Invest the second-largest holder of the Bitcoin futures ETF. The firm's reshuffling of its portfolio comes amid speculation around the possible approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC), with hopefuls rushing to finalize their applications before a potential approval window in January.

ARK Invest has purchased 4.3 million shares of the ProShares Bitcoin Strategy ETF, valued at $9.2 million, after selling its remaining holdings in the Grayscale Bitcoin Trust. The investment firm also sold $27.6 million worth of Coinbase stock and bought 20,000 shares of the Ark 21Shares Active Bitcoin Future Strategy ETF. The ProShares ETF now accounts for 5.03% of the ARK Next Generation Internet ETF and is its sixth-largest holding, while Coinbase remains the fund's largest holding at just under 12%. These changes in holdings come ahead of the Securities and Exchange Commission's expected decision next month on whether to allow spot bitcoin ETFs to trade in the US.

ARK Invest, the investment firm led by Cathie Wood, has continued to sell off its Coinbase stock, with December sales totaling $196.8 million. The firm often reduces its holdings in individual companies as their shares rise, in order to maintain a maximum exposure of around 10%. ARK Invest also reduced its holdings in the Grayscale Bitcoin Trust, while increasing its holdings in Block, which offers payments in cryptocurrency. Bitcoin has rallied 3.3% and crossed $44,000 for the first time in 10 days.

ARK, led by Cathie Wood, has sold 809,441 shares of Grayscale Bitcoin Trust (GBTC) for around $28 million as bitcoin approaches $43,000. This brings the investment firm's remaining GBTC shares to 3.4 million ($117.4 million), down from a peak of 9 million shares in July 2021. ARK purchased the GBTC shares at an average cost of $24.08, making a profit on this sale as GBTC currently trades at $34.54. Bitcoin is currently trading above $42,900, up 17% in the last 30 days.