ARK Invest sold 225742 shares of ARKB Bitcoin spot ETF yesterday, earning a net profit of $8.7 million

BlockBeats news, on July 16th, according to Cointelegraph, Cathie Wood's ARK Invest sold 225742 shares of ARK 21Shares Bitcoin Spot ETF (ARKB) yesterday. According to ARKB's closing price of $38.70 on Tuesday, the net proceeds from this sale were $8.7 million, setting a record for the largest single day sell-off of ARKB shares in ARK's history. However, in terms of the US dollar amount, this sale is far lower than the $12 million ARKB sold in April last year, when ARK Invest sold 159496 shares of ARKB (ARKB had previously undergone a stock split).