ARK Invest Trims Block and Bullish Positions as Bitcoin ETF Outflows Continue

TL;DR: Disclosed ARK Invest trading activity points to sales of shares in crypto-linked companies Block and Bullish alongside changes elsewhere in its portfolios.

A fund manager selling shares is not the same as investors redeeming money from a spot Bitcoin ETF, and the trades should not be treated as a categorical forecast for crypto prices.

Crypto markets generate several types of selling headlines, but they do not all describe the same thing.

One involves investors moving money into or out of exchange-traded products.

Another involves a fund manager changing which companies it owns inside a portfolio.

ARK Invest’s latest trade disclosures belong to the second category.

ARK’s trade-notification service provides information about purchases and sales by its exchange-traded funds.

Reporting of the November 9 trades indicates reductions in shares of Block and Bullish, both businesses tied to the wider digital-asset economy.

Trade data published for the session should be checked against the original ARK notification for exact fund allocations and amounts.

Public summaries can combine activity across several ETFs, while dollar-value estimates change with the share price used for calculation.

Continue reading at the original source →