ARK has sold all GBTC and bought about $100 million of Bitcoin futures ETF BITO

According to Foresight News, Bloomberg analyst Eric Balchunas tweeted that ARK sold all of its remaining GBTC positions (which was ARKW's largest holding a month ago) and used half of the funds, about $100 million, to buy BITO, "most likely as a liquidity transition tool."

Foresight News Note: BITO is a Bitcoin futures ETF launched by ProShares in October 2021.