According to CoinWorld, Ark Invest has sold 44,609 shares of the ARKB Spot Bitcoin ETF for $2.8 million as part of its rebalancing strategy. The company retains $139.7 million in ARKB, making it the second-largest holding in ARKW. U.S. spot Bitcoin ETFs have seen an inflow of $4.5 million, while Ethereum ETFs are experiencing outflows.
Cathie Wood’s Ark Invest made headlines for selling $2.8 million worth of 44,609 shares of the ARKB spot Bitcoin ETF. The sale, conducted on Monday, is part of Ark’s ongoing strategy to adjust fund weights. This is not the first time, as the company previously sold $6.9 million and $7.8 million worth of ARKB shares in early August and July, respectively. In total, Ark Invest has divested $17.5 million from its Bitcoin ETF.
Ark Invest seeks to avoid over-investing in any single asset. Despite these sales, Ark Invest still holds $139.7 million in the ARKB ETF, making it the second-largest holding in the Next Generation Internet ETF (ARKW). The ETF continues to hold a significant weight of 9.93% in the ARKW portfolio. Tesla remains the largest asset in the ARKW fund, with a weight of 10.15%, valued at approximately $142.9 million.
Ark’s recent sales align with its overall strategy to prevent any single holding from exceeding 10% of the ETF portfolio. By setting weight caps, the company aims to ensure adequate diversification and avoid excessive exposure to any single asset. Ark is actively adjusting its asset allocation to maintain balance across its funds, with the value of ARKB surging 26.5% year-to-date.
As of Monday, ARKB was trading at $63.25, up 0.8% that day. This increase reflects broader optimism in the Bitcoin market, with Bitcoin itself trading flat but stabilizing around $63,676.
While Ark continues to manage its Bitcoin exposure, U.S. spot Bitcoin ETFs are experiencing strong inflows, with a net increase of $4.5 million in just one day on Monday, extending their positive momentum for three consecutive days. In contrast, U.S. spot Ethereum ETFs have seen the largest outflows since July.
Ark Invest’s strategic rebalancing underscores its commitment to diversification while navigating the evolving digital asset landscape.