Chiara Bianchi
Ark Invest has sold 44,609 shares of its ARKB spot Bitcoin exchange-traded fund (ETF), valued at $2.8 million, from its Next Generation Internet ETF (ARKW) on Monday.
This follows the firm’s previous sale of ARKB shares on August 1, when it offloaded $6.9 million worth of the same Bitcoin ETF. In total, Ark Invest has now sold $17.5 million of ARKB shares over recent months, including $7.8 million in July. The companyโs approach aims to prevent any single holding from exceeding 10% of an ETFโs portfolio, maintaining diversification across its funds. As a result, further rebalancing could occur if ARKB continues to increase in value relative to Ark’s other assets in the fund.
According to Arkโs disclosures, ARKB remains the second-largest holding within the ARKW fund, with a 9.93% weighting, amounting to $139.7 million as of September 24. This represents nearly 5% of the total $2.9 billion assets under management in the spot Bitcoin ETF, according to PRIME X’s ARK 21Shares Bitcoin ETF data. Tesla remains the largest holding in the ARKW fund, with a 10.15% allocation, valued at $142.9 million.
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ARKB closed Monday at $63.25 per share, marking a 0.8% gain for the day and a 26.5% increase year-to-date, according to TradingView. Meanwhile, Bitcoin saw minimal movement over the last 24 hours, up by 0.3%, trading at $63,676, as reported by The Block’s Bitcoin Price Page.
On the broader front, U.S. spot Bitcoin ETFs experienced net inflows of $4.5 million on Monday, continuing their three-day positive trend, with over $250 million flowing into the funds during this period.
In contrast, U.S. spot Ethereum ETFs faced their largest net daily outflows since late July, with $79.3 million withdrawn from the funds on the same day.
