ARK Invest sold 225,742 shares of the Bitcoin Spot ETF ARKB yesterday, netting $8.7 million

BlockBeats News, July 16th. According to a Cointelegraph report, Cathie Wood's ARK Invest sold 225,742 shares of ARK 21Shares Bitcoin Spot ETF (ARKB) yesterday. Based on ARKB's Tuesday closing price of $38.70, the net proceeds from this sale were $8.7 million, marking the largest single-day sell-off of ARKB shares in ARK's history. However, in terms of US dollar amount, this sale is significantly lower than the $12 million ARKB sell-off in April last year, when ARK Invest sold 159,496 shares of ARKB shares (ARKB had undergone a stock split prior to this).