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Famous bullish Cathie Wood sold Bitcoin (BTC)! Instead, she bought this altcoin!
The leading cryptocurrency Bitcoin (BTC) continues to recover recently, with the price being above 88 thousand dollars.
While the uncertainty remains whether the rise in BTC is permanent or temporary, a new buy and sell news came from Ark Invest, the company of Bitcoin supporter Cathie Wood.
According to the Chinese journalist Wu Blockchain's post***, Ark Invest sold Bitcoin ETF shares, Robinhood (HOOD) and Solana (SOL) bought the ETF.***
At this point, Ark Invest continues to rebalance its investment portfolio, most recently selling 31,817 ARK 21Shares Bitcoin ETF shares worth approximately $2.7 million from the ARKW fund.
The company also purchased 60,266 Robinhood shares worth approximately $2.45 million through ARKK.
Ark Invest also purchased 500,000 shares of the 3iQ Solana Staking ETF through the ARKF and ARKW funds, earning approximately $5.2 million in total.
During the writing, Bitcoin is continuing to trade at $88,400, while Solana is trading at $140.