ARK Sells Last of Its ProShares BITO Shares

Golden Finance reported that ARK bought more than 4 million BITO shares at the end of last year as a short-term investment in anticipation of the approval of spot Bitcoin ETFs in the United States, and planned to exchange them after approval. Following the continuous sales in January, ARK sold the last batch of BITO shares in the past week. The investment company sold 237,983 BITO shares of its ARKW at a closing price of $28.22 on Thursday, worth $6.7 million.