Ark Invest Cashes Out $40 Million From Bitcoin ETF Even as BTC Pops 23% Over a Month
Cathie Wood-led Ark Invest dumped a sizable stake in ARK 21Shares Bitcoin ETF on Monday after the ETF’s impressive run in recent sessions.
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Bitcoin, Ethereum ETFs Lose $592 Million Ahead of Fed Decision
Bitcoin and Ethereum ETFs post $591.8 million in outflows ahead of the Fed decision as BTC and ETH test key price levels.
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Bitcoin fell 4.4% as spot ETF outflows hit $463 million, pressuring $76,000 support ahead of the Fed decision, inflation data and Clarity Act vote.
Shares of crypto-linked companies are trading higher ahead of an upcoming Senate vote on the Clarity Act. Senator Lummis shared on social media that the updated text reflects "bipartisan hard work over August," which may raise investor optimism that it will pass a key procedural vote.