ARK Invest has made some significant moves in the cryptocurrency market recently. The investment firm has decided to sell its Bitcoin futures ETF while simultaneously purchasing $65 million worth of its own spot Bitcoin ETF.
This decision reflects ARK Invest’s confidence in the potential of Bitcoin as a valuable asset. By selling the futures ETF and investing in the spot Bitcoin ETF, the firm is positioning itself to capitalize on the growth and potential of the cryptocurrency.
The move also highlights ARK Invest’s commitment to staying actively involved in the cryptocurrency market. By making strategic investments and staying ahead of market trends, the firm is positioning itself for success in the ever-evolving world of digital assets.
Overall, ARK Invest’s decision to sell its Bitcoin futures ETF and buy its own spot Bitcoin ETF demonstrates its belief in the long-term value and potential of Bitcoin as an investment. This move is sure to be closely watched by investors and industry experts alike.