Cathie Wood Dumps Grayscale Bitcoin Trust For ProShares As Bitcoin Soars
• Cathie Wood's ARK Next Generation Internet ETF sold all 2.25M shares of Grayscale Bitcoin Trust • The fund bought 4.32M shares of ProShares Bitcoin Strategy ETF on the same day, becoming 2nd biggest holder • Wood has been trimming Grayscale Bitcoin Trust holdings despite Bitcoin's gains in 2022 • Bitcoin has more than doubled in 2022 amid speculation of SEC approving spot Bitcoin ETFs • The ARK ETF also bought shares of 21Shares Bitcoin Futures ETF and sold Coinbase stock