Bitcoin ETF Excitement Fails to Sway ARKW as GBTC Holdings Drop
ARK Invest's ARK Next Generation Internet ETF (ARKW) has sold 700,000 shares of the Grayscale Bitcoin Trust GBTC in the past month, totaling around $1 million.
Despite Bitcoin reaching 17-month highs, ARKW reduced its GBTC holdings, now at $131.8 million, comprising 9.2% of its portfolio. The ETF is up 68% YTD, contrasting with GBTC's 271% gain and Bitcoin's 125% YTD surge.
