ARK Liquidates Remaining ProShares Bitcoin Futures ETF Holdings.

Cathie Wood’s investment firm, ARK Invest, completed the sale of its remaining shares in the ProShares Bitcoin Strategy ETF (BITO) on Thursday. The firm sold 237,983 BITO shares, valued at $6.7 million based on Thursday’s closing price of $28.22, from its Next Generation Internet ETF (ARKW). Last year, ARK initially purchased over 4 million BITO shares as a short-term investment strategy, anticipating the approval of spot bitcoin ETFs in the U.S. The plan was to exchange these shares once approval was granted. After ongoing sales throughout January, ARK finalized the sale of its remaining BITO shares in the past week.

In contrast, ARK’s own ARK 21Shares Bitcoin ETF (ARKB) has now become the largest holding in the fund, with 2,480,644 shares. At Thursday’s closing price of $64.76, these shares were valued at $160.6 million, representing a 10.4% weighting of the fund’s total value.