U.S. Ark continues to migrate from BITO to its own Bitcoin ETF–purchases $15 million worth again | CoinDesk JAPAN

Ark Invest continues its shift from the ProShares Bitcoin (BTC) Strategy ETF (BITO) to its recently listed Spot Bitcoin ETF.

According to a trading disclosure on January 18, ARK Next Generation Internet ETF (ARKW) sold 758,915 shares of BITO worth approximately $15 million (approximately 2.25 billion yen, equivalent to 1 dollar = 150 yen). , also bought 365,695 shares of its own Bitcoin ETF, Ark21Shares Bitcoin ETF (ARKB), worth $15 million.

Ark made a similar move on the 17th, exchanging the same amount of BITO for ARKB.

CoinDesk previously reported that Ark sold its holdings in Grayscale Bitcoin Trust (GBTC) and acquired BITO, which was approved as a spot Bitcoin exchange traded fund (ETF) in the US. The plan was to exchange BITO with a spot Bitcoin ETF after approval, and this move was expected.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Danny Nelson/CoinDesk
｜Original text: ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF