Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on January 19, 2024, 05:15:39 AM

Title: Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitco
Post by: sirty143 on January 19, 2024, 05:15:39 AM

Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF

(https://i.imgur.com/UugGZQOm.jpg)

Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF. See more for yourself here (https://news.bitcoin.com/ark-invest-diversifies-crypto-holdings-buys-15-9-million-of-its-own-spot-bitcoin-etf/).

Your opinion is greatly appreciated.

Title: Re: Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitco
Post by: Faisal2202 on January 20, 2024, 12:32:21 AM

I am amazed by the price prediction of Cathie Wood, I mean she really thinks BTC can make $1.5 million by the end of 2030, I am seeing two lessons here, that BTC might not cross $150k in this bull run, that's due to a lot of reasons, one is, this ETF market has created a big hurdle for small term investors like me who had no idea about traditional markets (institutional markets), as we did not have to keep an eye on it in order to trade in crypto. But now I think knowledge of the traditional market has become important for all of us.

Like due to this news I get to know about this strategy of "parking the spot" which means when ARK find another spot they will leave this one and dump the ARKB shares or they might hold onto them for longer period of time until they shift there funds on Coinbase like platforms for diversification.

Title: Re: Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitco
Post by: ZAINmalik75 on January 20, 2024, 08:37:59 AM

This must be some strategy to balance the money they have, according to my knowledge this share that they have sold is also a BTC ETF but this is of the future not of Spot, and I suppose, the company might not have enough funds to meet the liquidation price for this future ETF and that's why they shifted from Future to spot one. Which is their own ETF ARKB.

How this can impact the market, I think BTC ETF in spot opened a new way for companies to manage their funds, to manage risk. This means, they are the ones who are getting most of the profit out of BTC ETF approval. There is another explanation to this, and that is, currently market is highly volatile due to the involvement of big whales, and it might be an indicator that if ARKs have moved there funds from future to spot then a dump might be coming from which they want to save there funds from liquidating.