ARK Invest's Bitcoin ETF Enters Top 5 ARKW holdings, Tesla Holds Steady, Swiss Crypto Bank Raises $40M

By: Eliza Bennet

The ambitious acquisition of Bitcoin ETF by ARK Invest, a well-established investment house, has propelled it to a top-five ranking within the firm's ETF - ARKW. The latest records disclose the firm's purchase of a total of 267,804 ARKB shares, valued at a whopping $12.3 million. As a result, ARKB secured the fifth position within the ARKW portfolio, surpassing other crypto-focused firms, while trailing only Coinbase, and Block.

Interestingly, Tesla, also a constituent of the ARKW portfolio, announced that its bitcoin holdings, valued over $387 million, remained constant in Q4. This move indicates a steady approach by the auto giant towards its crypto investments.

In a separate news, successful fundraising endeavors have brought the Swiss-based crypto bank, Sygnum, closer to gaining the coveted Unicorn status. The recent $40 million raise exceeded the initial target of $35 million, signifying a growing interest among investors in crypto-oriented finance solutions.