Cathie Wood’s ARK invests in ProShares Bitcoin ETF after dumping GBTC Holdings.

The ProShares exchange-traded fund, which began trading as the first Bitcoin-linked ETF in the U.S. in October 2021, currently accounts for 5.03% of the ARK Next Generation Internet ETF (ARKW), its sixth-largest holding. With the last sale reported on December 20, the fund no longer holds GBTC shares. Coinbase remains the fund’s largest holding, with a stake of less than 12%, even after Wednesday’s sale of 148,885 shares.