🔔 ARK Invest Trims Bitcoin ETF Holdings – Strategic Move or Market Signal?

According to PANews, ARK Invest sold 29,660 shares of its ARK 21Shares Bitcoin ETF (ARKB) via the ARKF fund on June 10.

📉 Estimated Value: ~$3.24 million

💰 Share Price at Transaction: $109.24

This move comes amid increased institutional activity around Bitcoin ETFs and follows a trend of profit-taking as BTC hovers near key resistance levels.

🔍 What This Could Mean:

• Strategic rebalancing of ARK’s exposure to crypto assets

• Potential signal of short-term market caution

• Or simply routine portfolio adjustment in response to recent price action

💡 With institutional interest remaining strong, all eyes are on how such moves may impact broader market sentiment.

📌 Note: This is not financial advice. Always DYOR (Do Your Own Research).

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