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Cathie Wood’s Ark Invest Adds ARKB Bitcoin ETF Worth $51 Mln This Week; Buys Tesla Shares

Cathie Wood’s asset management firm Ark Invest added additional units of ARK 21Shares Bitcoin ETF (ARKB), increasing its total ARKB purchase this week to $51 million. ARKW has been consistently purging holdings in ProShares Bitcoin Strategy ETF (BITO) since the approval and listing of spot Bitcoin ETFs.

Meanwhile, Ark Invest funds are on an accumulation spree for Elon Musk’s Tesla (TSLA) shares, along with other key shares.

Cathie Wood’s Ark Buys More ARKB Bitcoin ETF Units

On January 26, Cathie Wood’s Ark Invest purchased 127,435 Ark 21Shares Bitcoin ETF (ARKB) units worth $5.4 million, as per trades seen by CoinGape.

ARK Next Generation Internet ETF(ARKW) offloaded 78,345 shares of ProShares Bitcoin Strategy ETF (BITO) valued at approximately $1.59 million and other shares such as Twilio, UiPath and DraftKings to buy ARKB spot Bitcoin ETF units.

With the latest…

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