While Bitcoin fell to $ 63,800 with a sharp decline during the night, investors' BTC sales are also intensifying.
While BTC was trying to resist the decline, new sales news came from Ark Invest, the company of Bitcoin supporter Cathie Wood.
According to The Block, Ark Invest recently sold $7.76 million worth of spot Bitcoin ETF as it continues to rebalance its investment portfolio.
Accordingly, Ark Invest, which was selling in its own ETF, disposed of 118,209 ARKB spot Bitcoin ETF shares.
Ark Invest sold ARKB stock issued by Ark Invest and 21Shares for the first time since the launch of spot Bitcoin ETFs in January.
ARKB Bitcoin ETF is the largest holding in the Ark Invest Next Generation Internet ETF (ARKW) with 10.98% as of July 24, followed by ARKB by 9.5%, 8.48% and 8% respectively. Tesla, Roku and Coinbase stocks follow with ratios of .23.
The company also noted that the market capitalization of ARKB holdings in the Next Generation Internet ETF is $162.5 million, up approximately 31% since the spot Bitcoin ETF inception.
Bitcoin continues to trade at $64,016 at the time of writing.
*This is not investment advice.
