Data: Ark Invest increased its stake in Coinbase by $8 million and sold a similar amount of Bitcoin ETF
ChainCatcher news, according to The Block, Ark Invest increased its holdings by 38,865 shares of Coinbase stock on Monday, valued at $8 million, and sold $8.2 million of the spot Bitcoin ETF (ARKB). The company has been continuously adjusting its fund holdings to ensure that individual stock weights do not exceed 10%. As of March 3, COIN accounted for 6% of the ARKW fund, valued at approximately $991 million, making it the sixth largest holding in the fund. ARKB remains the largest holding in ARKW, with a weight of 10.3% and a market value of approximately $1.698 billion.Despite Ark Invest selling some ARKB shares, this ETF was still the only U.S. spot Bitcoin ETF to record net inflows on Monday, with an additional $58.2 million, while BlackRock's IBIT and Grayscale's GBTC saw outflows of $78 million and $54.4 million, respectively, totaling a net outflow of $74.2 million.Previous news, Ark Invest purchased $8.7 million in Coinbase stock and sold $8.6 million in Bitcoin ETF.