ARK Continues to Shuffle Out of BITO, Buys $15M of its Own ETF
Submitted by Anonymous (not verified) on Fri, 01/19/2024 - 10:20Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.
Cathie Wood’s investment fund continues to double down on its recently listed spot bitcoin ETF.
The ether- bitcoin ratio has surged 10% in the first 19 days of the year, taking back part of last year's 25% slide.
Analysts also pointed out that GBTC shares flipped to a 0.9% discount on Thursday amid “likely selling pressure.”

Silver has existed since dying stars started spewing the metal out billions of years ago.
Despite sizable net inflows into the new spot ETFs, bitcoin is lower by more than 12% since the products began trading one week ago.
The stablecoin issuer announced in May 2023 that it would start buying bitcoin in an effort to diversify the backing of its USDT stablecoin.
IBIT’s holdings consist of 99% bitcoin, and nearly $60,000 in fiat, data shows.
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 18, 2024.
TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.
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