Ark Invest Sells Grayscale, Buys Block as it Awaits Bitcoin ETF Approval
- Ark Invest sells $3.8M in Grayscale shares, buys $5.6M in Block shares
- Second time in recent weeks Ark has sold off Grayscale holdings
- Ark is second-largest holder of Grayscale and Coinbase shares
- Block is payments company founded by Jack Dorsey, owns Cash App
- Block reported better-than-expected earnings in Q3
- Ark Invest awaiting SEC approval for spot Bitcoin ETF