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Cryptopolitan 2024-01-19 19:14:34

Ark Invest doubles down on its ETF amid a shift from BITO

In recent financial maneuvers, ARK Invest has executed a strategic shift, steering away from the ProShares Bitcoin Strategy ETF (BITO) and redirecting funds into its recently launched spot Bitcoin ETF. A trading disclosure on January 18 uncovered that the ARK Next Generation Internet ETF (ARKW) successfully divested 758,915 shares of BITO, valued at approximately $15

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