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Cathie Wood’s ARK dumps 700K GBTC shares in one month

Published 11/24/2023, 04:26 AM
Updated 11/24/2023, 06:00 AM

Cathie Wood’s investment firm, ARK Invest, has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF).

The ARK Next Generation Internet ETF (ARKW) sold 36,168 GBTC shares on Nov. 22, offloading a total of 697,768 GBTC since Oct. 23, according to ARK’s daily trading data seen by Cointelegraph.

GBTC daily price on Nov. 22. Source: Google (NASDAQ:GOOGL) Finance
The ARK Next Generation Internet ETF’s top three holdings by weight. Source: ARK

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