![Cathie Wood’s ARK Invests in ProShares Bitcoin ETF After Dumping GBTC Holdings Cathie Wood’s ARK Invests in ProShares Bitcoin ETF After Dumping GBTC Holdings](https://digitallifegaming.com/wp-content/uploads/2023/11/4WS3755O5NBQPHJQJE7T42HFQE-768x402.jpg)
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The ProShares exchange-traded fund, which started trading in October 2021 as the first U.S. bitcoin-linked ETF, now accounts for 5.03% of the ARK Next Generation Internet ETF (ARKW), its sixth-largest holding. The fund no longer holds any GBTC shares, with the last reported sale on Dec. 20. At just under 12%, Coinbase remains the fund’s largest holding even after Wednesday’s sale of 148,885 shares.
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