Ark Invest sold 68,997 Block shares, 49,767 Bullish shares and $1.6 million worth of units from its Bitcoin ETF ARKB, which had $2.15 billion in assets under management. The proceeds were reinvested in SoFi Technologies and Nvidia through purchases of $6.8 million and $16.2 million, respectively. These moves mainly resulted from Ark’s internal position limits, as ARKB’s exposure within the ARKW fund was approaching the 10% cap. The Nvidia purchase came as the company’s board confirmed an investigation into its chief executive, Jensen Huang.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
