Galaxy Digital Inc. bought a new position in shares of ARK 21Shares Bitcoin ETF (BATS:ARKB – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,161,800 shares of the company’s stock, valued at approximately $116,089,000. ARK 21Shares Bitcoin ETF accounts for approximately 10.0% of Galaxy Digital Inc.’s holdings, making the stock its 2nd largest holding. Galaxy Digital Inc. owned about 3.66% of ARK 21Shares Bitcoin ETF at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in shares of ARK 21Shares Bitcoin ETF in the fourth quarter worth $31,000. MidFirst Bank bought a new stake in shares of ARK 21Shares Bitcoin ETF in the 4th quarter valued at about $26,000. Ares Financial Consulting LLC bought a new stake in shares of ARK 21Shares Bitcoin ETF in the 4th quarter valued at about $28,000. Comerica Bank increased its stake in shares of ARK 21Shares Bitcoin ETF by 137.3% in the fourth quarter. Comerica Bank now owns 1,006 shares of the company’s stock valued at $29,000 after buying an additional 582 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of ARK 21Shares Bitcoin ETF in the first quarter valued at about $26,000.
ARK 21Shares Bitcoin ETF Stock Performance
Shares of ARKB opened at $21.28 on Friday. The business has a 50-day moving average of $21.85 and a 200-day moving average of $24.08. ARK 21Shares Bitcoin ETF has a 1 year low of $19.24 and a 1 year high of $41.99.
About ARK 21Shares Bitcoin ETF
The ARK 21Shares Bitcoin ETF Ben of Int (ARKB) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, seeking to track the daily USD spot price of Bitcoin (BTC) through a buy-and-hold strategy focused on long-term BTC holdings. An investment in the fund is not a direct investment in Bitcoin. ARKB was launched on Jan 10, 2024 and is issued by ARK.
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