The leading cryptocurrency Bitcoin (BTC) continues to recover in recent days, with the price sitting above $88,000.
While it remains unclear whether the rise in BTC is permanent or temporary, new selling and buying news came from Bitcoin supporter Cathie Wood's company, Ark Invest.
According to a post by Chinese journalist Wu Blockchain, Ark Invest sold its Bitcoin ETF shares and bought Robinhood (HOOD) and Solana (SOL) ETF.
At this point, Ark Invest continues to rebalance its investment portfolio, most recently selling 31,817 ARK 21Shares Bitcoin ETF shares worth approximately $2.7 million from its ARKW fund.
The company also purchased 60,266 Robinhood shares worth approximately $2.45 million through ARKK.
Ark Invest additionally purchased 500,000 shares of the 3iQ Solana Staking ETF (SOLQ.U) through its ARKF and ARKW funds, raising a total of approximately $5.2 million.
At the time of writing, Bitcoin is trading at $88,400 while Solana is trading at $140.
*This is not investment advice.
