The ProShares exchange-traded fund, which started trading in October 2021 as the first U.S. bitcoin-linked ETF, now accounts for 5.03% of the ARK Next Generation Internet ETF (ARKW), its sixth-largest holding. The fund no longer holds any GBTC shares, with the last reported sale on Dec. 20. At just under 12%, Coinbase remains the fund’s largest holding even after Wednesday’s sale of 148,885 shares.
Halving Impact and Macro Shifts Create Tailwinds for Bitcoin
Despite the drop in bitcoin’s price since April’s halving, there are still plenty of reasons to be bullish about BTC...