Bitget App
Trade smarter
Bloomberg Analyst: ARK has sold all remaining GBTC positions and used half of the funds to purchase BITO
2023/12/28 02:47
Bloomberg ETF analyst Eric Balchunas said that today, ARK sold all its remaining GBTC positions (which was the largest holding of ARKW a month ago), and used about half of the funds (around $100 million) to purchase BITO. This may be as a transitional tool to maintain beta for Bitcoin, just like how ARK is now the second-largest holder of BITO.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$96,457.11
-6.25%
Ethereum
ETH
$3,161.75
-9.71%
Tether USDt
USDT
$0.9997
-0.01%
XRP
XRP
$2.28
-9.09%
BNB
BNB
$911.19
-5.60%
Solana
SOL
$141.04
-9.54%
USDC
USDC
$1.0000
+0.01%
TRON
TRX
$0.2930
-1.79%
Dogecoin
DOGE
$0.1620
-7.89%
Cardano
ADA
$0.5152
-9.10%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now