On January 16, ARK Invest purchased $15.9 million (approximately 2.3 billion yen, exchange rate: 1 dollar = 145 yen) of its recently listed spot Bitcoin (BTC) exchange-traded fund (ETF). did.

The investment firm led by Cathie Wood has added 365,427 shares of the Ark21Shares Bitcoin ETF (ARKB) to its Next Generation Internet ETF (ARKW). ARKB’s closing price on the 16th was $43.51, down about 11% from the $49 it listed on January 11th.

Ark also sold about the same amount, worth $15.8 million, of the ProShares Bitcoin Strategy ETF (BITO), the first ETF tracking the Bitcoin futures market to be listed in the United States.

The company sold its GBTC holdings in December, prior to converting the Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. GBTC was swapped into BITO in anticipation of a Bitcoin spot ETF being approved in the US, and Cathie Wood said that a fund that has already been approved is safer than a fund that is waiting for approval. ing.

Ark was expected to swap a portion of BITO into a spot Bitcoin ETF soon after approval.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Danny Nelson/CoinDesk
｜Original text: ARK Buys $15.9M Worth of Its Own Bitcoin ETF