Posted 11/24/2023, 9:28:07 AM
ARK Sells Nearly 700,000 GBTC Shares Despite Bitcoin Hitting 17-Month High
- ARK's Next Generation Internet ETF sold nearly 700,000 GBTC shares over the past month despite Bitcoin hitting 17-month highs
- The ETF still holds over 4.3 million GBTC shares worth $131.8 million
- ARK started selling GBTC shares on Oct 23 as Bitcoin headed toward $34,000
- Before that, ARK's last reported GBTC transaction was in November 2021 when it sold 450,272 shares
- Grayscale Bitcoin Trust still accounts for 9.2% of the ARK Next Generation Internet ETF's portfolio