Posted 10/24/2023, 11:56:42 AM
ARK Investment Sells $2.5M in Bitcoin Trust Shares as Bitcoin Price Drops
- ARK Investment sells $2.5M in Grayscale Bitcoin Trust shares as BTC hits $34K
- Grayscale Bitcoin Trust is the largest holding (10.4%) in ARK's Next Generation Internet ETF
- Sale is ARK's first GBTC transaction since buying shares in November 2022
- Speculation ARK is selling GBTC ahead of potential approval for its own Bitcoin ETF
- ARK also sold $3.4M in Coinbase shares from two funds, added Robinhood shares