Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF – The Block

Cathie Wood’s Ark Invest has recently sold off $2.8 million worth of its own spot Bitcoin ETF. This move comes as part of their ongoing investment strategy. Wood’s Ark Invest is known for its active management style and willingness to make changes to their portfolio when necessary. This latest sale indicates that they may be shifting their focus or reallocating their assets in response to market conditions. While the exact reasons for the sale are unclear, it is in line with Ark Invest’s approach to actively manage their investments for maximum returns.