ARK Invest Sells $31M in Block Shares as Crypto Market Gathers Momentum
The trade involved shares from two of ARK’s major funds.
1H
0.95%$0.0061
24H
2.07%$0.0132
7D
-16.0%$0.1236
30D
12.0%$0.0695
The trade involved shares from two of ARK’s major funds.
The inflows into spot BTC ETFs have been very volatile throughout the month of August so far with net inflows turning slightly positive this week due to BlackRock’s IBIT.
Only a few days ago, the firm sold part of its shares in Coinbase.
Ark Invest’s current ARKB holdings in the ARKW ETF have a value of $162.5 million.
The US SEC must decide on VanEck’s and ARK’s spot Ethereum ETF filings by May 23 and May 24 respectively.
Ark (ARK) is a universal innovative platform designed to popularize and simplify as much as possible the processes of mutual relations, cooperation and calculations in the virtual space. Ark has its own virtual sign-Ark token, which carries a monetary value. Ark project was launched at the end of 2016. A huge team of 27 people is working on its launch and further promotion. Ark defines his mission as the proliferation of blockchain technologies among the broad masses of the population. Note that Ark is not a traditional virtual currency. It is an entire ecosystem, a safe platform for adaptation. The company has ambitious plans: to stimulate the mass adoption of crypto money by offering those tools that will be useful and in demand by users. The new project has its own currency – ARK coin.
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