The sharp decline in Bitcoin transactions is raising serious concerns about miner revenue and the security of the blockchain network.
Read MoreArk Invest, led by Cathie Wood, has made a move to buy 41,032 shares of Coinbase worth $8.7 million, while selling nearly $8.6 million of its own Bitcoin ETF as the cryptocurrency market has seen a sharp decline.
Read MoreUS spot bitcoin ETFs have seen daily net inflows of $1 billion, marking the largest single-day outflow ever. Notably, this figure does not include data from Ark Invest’s ARKB fund, which has seen more than $2 billion exit its ETF products in a six-day streak of negative flows.
Read More