$ORDI ARK did not sell any $BTC, but exited its position in $GBTC.
They also sold 1.5 million $COIN shares.
This trade has nothing to do with a loss of confidence in Bitcoin spot ETFs; in fact, it marks a stronger conviction, as Wood's release of funds to invest in ARK's own spot ETF early next year appears to be driving both trades.
Why hold a position on the exchange where it trades or in a competing futures ETF when you can hold Bitcoin directly through a spot ETF?
The start of the bull market must be due to the successful approval of the US Bitcoin Spot ETF. As ARKB is one of the Bitcoin spot ETF codes approved by the US SEC in the future, Sister Mu’s ETF project will definitely be popular among the community and has far-reaching significance. BRC20's ARKB is a very good project with the same name, and it must be a dark horse project that attracts the attention of the community. If you missed sats, don’t miss BRC20’s ARKB again. On January 10, 2024, during the SEC’s fourth round of decision period, ARKB must pass the approval, because there are only three things to do, and it is impossible to delay or reject it for the fourth time. ARK’s#Bitcoinspot ETF annual fee has been disclosed at 0.80%, making it the first issuer to disclose such a fee and the ETF will be listed for trading on the Chicago Board of Trade. ARK Invest and 21Shares’ spot Bitcoin ETF has been added to the Depository Trust and Clearing Corporation (DTCC) website under the trading symbol ARKB. Views are for reference only, please invest with caution! Where can I buy and sell ARKB? Search ARKB on Google and there will be a trading market in the first few pages. The community chose io, which is popular in the currency circle, as the domain name, and the prefix is arkb. The Bitcoin BRC-20 token project ARKB has nothing to do with Ark Invest / 21 Shares.
ETCS, Ethereum Classic is burned on the Bitcoin chain and is highly sought after by members of the Ethereum community and the Bitcoin community. It is one of the BRC20 dark horse projects.
