Profit-taking | Crypto

ARK Invest reduces its stake in the stablecoin issuer for the first time since its NYSE debut. The post ARK Invest Sells $52M in Circle Shares Just 11 Days After IPO—Profit-Taking or Red Flag? appeared first on Cryptonews.

Institutional investors cut Bitcoin (BTC) allocations in US-based spot exchange-traded funds (ETFs) during the first quarter after hedging profits waned and futures premiums compressed, a June 5 CoinShares report showed. The report assessed 13-F filings from asset managers with at least $100 million in assets under management. These investors reported $21.2 billion in Bitcoin ETF […] The post Profit-taking, not capitulation: institutions cut Bitcoin ETF exposure by 23% in Q1 appeared first on CryptoSlate.