ARK Investments made significant investment moves in the cryptocurrency market recently. The firm purchased a substantial amount of the ProShares Ether Strategy ETF (EETH), buying a total of 41,068 shares for approximately $2.78 million. This purchase followed another big buy of $31.19 million worth of the ETF the day before.
Additionally, on April 18, ARK also acquired $2.9 million worth of EETH shares. In contrast, the firm reduced its exposure to the ProShares Bitcoin Strategy ETF (BITO) by selling 28,936 shares, totaling approximately $803,552. These actions signify ARK’s proactive strategy to diversify its portfolio beyond just Bitcoin.
In a move to expand its global presence, ARK made headlines in Europe by launching its first three European UCITS ETFs. The ETFs were listed on Deutsche Borse Xetra on April 18, with plans for listing on other European exchanges in the coming weeks. This expansion demonstrates the firm’s commitment to catering to the growing demand for its investment strategies and extending its footprint in new markets.