ARK Crew, the blockchain platform has announced the date for their official open source release of ARK Code on GitHub.
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.
Recent changes to ARK’s investment portfolio demonstrate the company’s dedication to spotting and seizing new market trends.
ARK’s recent offloading of Coinbase shares stands out as one of its significant divestments in 2024. Prior to Thursday’s sale, ARK sold off 270,365 shares of Coinbase on March 11.
Grayscale’s BTC holding was down to 361.79K, from 624.28K Bitcoins it held by January 11, before ETF conversion.
The inflow recorded by spot Bitcoin ETFs nearly surged to $500 million yesterday, as the price of Bitcoin hit a level not seen for 2 years.
Cathie Wood-led Ark Invest believes Bitcoin price will rally exponentially in the confirmed bull cycle as more investable global assets amounting to $250 trillion proliferate to the digital asset class.
On Tuesday’s market close, BlackRock and Fidelity recorded trading volumes of $383 million and $288 million, while Grayscale maintained the lead with $396 million.
The timing of the fee reduction aligns with the recent approval of several Bitcoin ETFs, leading to a rush among providers to position themselves favorably in the competitive ecosystem.
The extreme volatility in the Bitcoin market caused liquidations of more than $170 million after spot BTC ETFs went live.
Cathie Wood is expecting around $4 billion inflows into its Ark 21Shares Bitcoin ETF with the asset management firm talking to state pension funds and treasurers.
The approved ETFs are expected to attract significant inflows. Estimates suggest that Valkyrie could see $200-400 million, with the overall market experiencing $4-5 billion in inflows within the first few weeks.