Bitcoin ETF

Bitcoin

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Grayscale Bitcoin Trust

<![CDATA[<figure class="image"><img src="https://cimg.co/news/126784/334761/cathie-wood-ark-invest.jpg" alt="" srcset="https://cimg.co/news/126784/334761/responsive-images/cathie-wood-ark-invest___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/126784/334761/responsive-images/cathie-wood-ark-invest___media_library_original_900_600.jpg 900w, https://cimg.co/news/126784/334761/responsive-images/cathie-wood-ark-invest___media_library_original_720_480.jpg 720w, https://cimg.co/news/126784/334761/responsive-images/cathie-wood-ark-invest___media_library_original_600_400.jpg 600w, https://cimg.co/news/126784/334761/responsive-images/cathie-wood-ark-invest___media_library_original_300_200.jpg 300w" sizes="100vw" width="1200" class="content-img"><figcaption>Source: Ark Invest / Instagram</figcaption></figure>Cathie Wood-led Ark Invest offloaded 42,613 shares of US-based crypto exchange Coinbase through ARK Next Generation Internet ETF and ARK Fintech Innovation ETF as the price of Bitcoin closed in on $35,000 on Monday.&nbsp;Coinbase&rsquo;s shares that Ark Invest sold were valued at around $3.3 million with the closing price of $77.21 on Monday evening.&nbsp;At the time of writing, Bitcoin is trading at just above $34,400, 12% up in the last 24 hours and 23% up in the last 7 days.&nbsp;<figure class="media"><oembed url="https://twitter.com/ArkkDaily/status/1716607091975008273"></oembed></figure><h2 id="ark-invest-sells-grayscale-bitcoin-trust-shares">Ark Invest Sells Grayscale Bitcoin Trust Shares</h2>The recent surge in the price of Bitcoin is attributed to the <a href="https://cryptonews.com/news/us-federal-court-forces-sec-reconsider-grayscale-bitcoin-etf-conversion-after-rejecting-sec-argument.htm">recent court order in the Grayscale and SEC lawsuit</a>. The judge ordered that SEC scrap its rejection of the asset manager's spot bitcoin ETF application.&nbsp;<a href="https://cryptonews.com/news/sec-delays-decision-ark-invests-spot-bitcoin-etf-application-calls-for-public-input.htm">Ark Invest is also waiting for its spot Bitcoin ETF</a> approval from the SEC.&nbsp;Earlier, <a href="https://cryptonews.com/news/ark-invests-cathie-wood-blames-gary-gensler-for-obstructing-proposed-spot-bitcoin-etfs-not-sec.htm">Cathie Wood blamed Gary Gensler</a> for obstructing proposed spot Bitcoin ETFs.The likelihood of a spot Bitcoin ETF approval looks certain as per experts.&nbsp;Amid the positive bitcoin rally, Cathie Wood&rsquo;s Ark Invest sold 100,739 Grayscale Bitcoin Trust shares through ARK Next Generation Internet ETF. The transaction was valued at $2.5 million with the closing price of $24.70 on Monday evening.Cathie Wood has previously expressed her trust in Grayscale Investments as a vital element within Barry Silbert's Digital Currency Group. Wood's confidence in Grayscale is founded on the trust's unwavering dedication to cold storage, a measure taken to safeguard its Bitcoin holdings.Cathie Wood has generally been highly bullish on Bitcoin&rsquo;s price. Ark Invest has predicted Bitcoin to reach $1.48 million at the end of the decade.&nbsp;ARK is the second largest institutional holder of Robinhood stock, with a 4.1% stake spread across four of its exchange traded-funds.&nbsp;ARK Invest added 259,628 shares of Robinhood Markets Inc through ARKW to its ETF. The transaction was valued at $2.38 million with the closing price of $9.17 on Monday evening.&nbsp;
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Cathie Wood's Ark Invest Offloads Coinbase and Grayscale Bitcoin Trust, Buys Robinhood Stocks Amidst Crypto Surge

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