Cathie Wood's Ark trimmed Bullish again on Wednesday, its fourth straight session of BLSH selling.
• Ark's ARKK, ARKW and ARKF ETFs sold about $2.9M of Bullish (BLSH) shares on Wednesday, Nov 4
• ARKF bought about $144K of Circle (CRCL), or 1,894 shares per The Block
• Ark has sold Bullish and bought Circle in every session from Oct 30 to Nov 4, per its daily trade disclosures
Why it matters: Ark keeps rotating within crypto equities: out of exchange operator Bullish, into USDC issuer Circle.
Source: The Block
Not financial advice.
💬 Is Ark's steady Bullish-to-Circle rotation a stablecoin bet or just portfolio rebalancing?
#ArkInvest #Circle #Bullish
• Ark's ARKK, ARKW and ARKF ETFs sold about $2.9M of Bullish (BLSH) shares on Wednesday, Nov 4
• ARKF bought about $144K of Circle (CRCL), or 1,894 shares per The Block
• Ark has sold Bullish and bought Circle in every session from Oct 30 to Nov 4, per its daily trade disclosures
Why it matters: Ark keeps rotating within crypto equities: out of exchange operator Bullish, into USDC issuer Circle.
Source: The Block
Not financial advice.
💬 Is Ark's steady Bullish-to-Circle rotation a stablecoin bet or just portfolio rebalancing?
#ArkInvest #Circle #Bullish