[Apr 26 4:25 AM] The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday's closing price of $28.22 from its Next Generation Internet ETF (ARKW).
[Jul 21, 2023 2:36 AM] Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low tracking error, the firm said.
[May 30, 2023 2:37 PM] The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.
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