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ARK Invest Becomes First Public Fund Manager to Invest in Bitcoin

Category: Business, Finance, News

ARK Invest Becomes First Public Fund Manager to Invest in Bitcoin

ARK Invest, a manager of thematic Exchange-Traded Funds (ETFs) recently became the first public fund manager to invest in Bitcoin. As it was revealed in their press release, the investment in bitcoin made for their ARK Web x.0 ETF (NYSE Arca: ARKW) will happen by purchasing Grayscale‘s publicly traded shares of Bitcoin Investment Trust (OTCQX: GBTC). ARK Investment Management LLC,…

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