Ark Invest pulls $40 million from Bitcoin ETF as BTC gains 23% in a month
- —Ark Invest withdrew $40 million from Bitcoin ETFs
- —BTC rose 23% over the month
- —The sale took place amid the Bitcoin price rally
Why it matters: A large ETF outflow from Ark Invest could signal institutional profit-taking amid the BTC rally.
Source: Google News (crypto query)