ARK Sells $28M in Grayscale Bitcoin Trust As Bitcoin Price Rises
- ARK sells $28M worth of Grayscale Bitcoin Trust (GBTC) shares as bitcoin nears $43K
- ARK has been trimming its GBTC holdings as the discount narrows and bitcoin price rises
- ARK's ARKW ETF sold over 800K GBTC shares, left with 3.4M shares worth $117.4M
- ARK had over 9M GBTC shares in July 2021, has sold down significantly since then
- Bitcoin trading above $42,900, up 17% over last 30 days