Cathie Wood's Ark Sells BITO, Buys Ark Spot ETF & ProShares Ether ETF Shares

Cathie Wood’s ARK Invest is strategically reshaping its investment portfolio, steering away from reliance on the ProShares Bitcoin Strategy ETF (BITO) towards the establishment of its own spot bitcoin ETF. This strategic shift was evidenced in a recent trading disclosure on April 19, where ARK’s Next Generation Internet ETF (ARKW) initiated significant movements. ARKW divested itself of 28,936 shares of BITO while concurrently bolstering its position by acquiring 139,152 shares of ARKB, ARK’s proprietary bitcoin ETF. Additionally, ARK ventured into the realm of Ether investments, purchasing 41,068 ProShares Ether ETF Shares.