#ARK Invest shifts from GBTC to BITO, adapting to market changes and potential regulatory shifts.

Move positions ARK as second-largest BITO holder, prepares for ARKB and ARKW #ETF launches.
https://coinpedia.org/news/cathie-woods-ark-invest-makes-strategic-shift-from-gbtc-to-bito/

#ARK Invest leads #BitcoinETF race, partnering with 21Shares, strategically amending S-1 ahead of SEC's December 29 deadline.

Intensified competition among firms for the first #Bitcoin ETF signifies growing collaboration between finance and #crypto.
https://coinpedia.org/news/ark-invest-leads-race-for-bitcoin-etf-approval-ahead-of-sec-deadline/

#BitcoinETFs experience significant institutional inflows, notably #BlackRock's IBIT and #ARK Invest's ARKB. #Crypto

BlackRock's CEO expresses surprise at IBIT's rapid growth, emphasizing #Bitcoin's potential as a viable asset.
https://coinpedia.org/news/spot-bitcoin-etfs-saw-243-million-inflows-yesterday-despite-gbtc-outflows/

Total #Bitcoin Spot #ETF Net Inflow: $27.8689 million on August 12.

✨#Grayscale ETF (GBTC): Had an outflow of $11.7743 million (money went out).

✨#Ark Invest and 21Shares ETF (ARKB): Gained $35.4019 million in inflows (money came in).

✨#BlackRock ETF (IBIT): Gained $13.4455 million in inflows.

#Bitcoin Spot #ETFs See Major Inflows

🔵Total net inflow into Bitcoin spot ETFs reached $397 million last week.

🔵#Fidelity's ETF (FBTC) led with $138 million in inflows.

🔵#ARK 21Shares #BitcoinETF (AKRB) followed closely with $102 million in inflows.

Source:https://farside.co.uk/btc/

#Bitcoin ETFs Hit New Highs!

➡️In the past week, US #BitcoinETFs saw a record inflow of $1.1 billion, the highest since July.

➡️#BlackRock's iShares led with $499 million, followed by #ARK 21Shares at $289.5 million and #Fidelity's Wise Origin Bitcoin Fund with $206.1 million.

#CoinPedia #Crypto #Blockchain #ETF