ARK Invest sells record $8.7M in Bitcoin ETF following stock split

Cathie Wood's ARK Invest sold 225,742 shares of its Bitcoin ETF (ARKB) for $8.7 million on July 16, marking its largest sale since a stock split in mid-June. According to Cointelegraph, the sale follows a 3-for-1 split, which adjusted the ETF's share price.