🔔 ARK Invest Trims Bitcoin ETF Holdings – Strategic Move or Market Signal?
According to PANews, ARK Invest sold 29,660 shares of its ARK 21Shares Bitcoin ETF (ARKB) via the ARKF fund on June 10.
📉 Estimated Value: ~$3.24 million
💰 Share Price at Transaction: $109.24
This move comes amid increased institutional activity around Bitcoin ETFs and follows a trend of profit-taking as BTC hovers near key resistance levels.
🔍 What This Could Mean:
• Strategic rebalancing of ARK’s exposure to crypto assets
• Potential signal of short-term market caution
• Or simply routine portfolio adjustment in response to recent price action
💡 With institutional interest remaining strong, all eyes are on how such moves may impact broader market sentiment.
📌 Note: This is not financial advice. Always DYOR (Do Your Own Research).
