Ethereum

Ark Invest, under the leadership of Cathie Wood, divested a substantial chunk of their <a href="https://optimisus.com/market/market-news/grayscales-ethereum-etf-experiences-its-lowest-daily-outflow/" rel="noopener noreferrer nofollow">Ethereum futures ETFs</a> on August 9, which may have resulted in a decrease in investor confidence.The corporation sold 400 units of ProShares Ethereum Strategy ETF (EETH) and Ark Active Ethereum Futures Strategy ETF (ARKZ), resulting in a trade of $21,112 for EETH and a sell of $12,056 for ARKZ.Ark Invest’s strategic decision indicates a shift in investor opinion, potentially driven by waning confidence in Ethereum ETPs and the cryptocurrency’s short-term prospects.Nevertheless, <a href="https://optimisus.com/market/market-news/ark-invest-sells-323801-robinhood-shares-spread-throughout-its-three-funds/" rel="noopener noreferrer nofollow">Cathie Wood’s company</a> has exhibited a more optimistic stance towards bitcoin stocks. Ark Invest acquired 145,420 shares of Robinhood Markets Inc. (HOOD) and 13,833 shares of Coinbase Global Inc. (COIN) on August 7.On August 9, a net outflow of $15.8 million in spot Ethereum ETF flows indicated conflicting signals in the broader ETH market. Additionally, a notable surplus of $104.8 million was recorded during the week.

Ark Invest dumps 400 units each of two ETFs that track Ethereum futures

Optimisus

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