COIN

Bitcoin

Grayscale Bitcoin Trust

<div class="cryptonews">
 <p class="is-style-lead">Cathie Wood’s investment company, ARK Invest, sold <a rel="noopener noreferrer nofollow" title="shares" href="https://thebittimes.com/tag/shares.html">shares</a> of the Coinbase crypto exchange and the Grayscale Bitcoin Trust (GBTC) worth about $5.8 million.</p>
 <p>The transactions took place through several of the firm’s funds. Thus, ARK Next Generation Internet ETF sold 100,739 GBTC at $24.71 and 32,158 COIN at $77.21. ARK Fintech Innovation ETF sold out 10,455 COIN at $77.21.</p>
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    <p lang="en" dir="ltr">Cathie Wood and Ark Invest's trade activity from today 10/23 pic.twitter.com/3SilCpHQFG</p>— Ark Invest Daily (@ArkkDaily) October 24, 2023
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 <p>The investment firm is likely taking profits from the recent crypto rally. On Oct. 24, Bitcoin (BTC) reached $35,000. Following BTC, other assets from the top 10 by capitalization also went green.</p>
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   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/10/24/ec0d429b558ca40c27b449f175b736e9.webp.webp">
   <img decoding="async" width="2068" height="1298" src="https://cdn.thebittimes.com/images/2023/10/24/ec0d429b558ca40c27b449f175b736e9.webp" alt="ARK Invest sold Coinbase and GBTC shares for $5.8m - 1"> 
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   Source: CoinGecko
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 <p>At the time of writing, the first cryptocurrency is trading at $34,416.41, having increased by more than 20% over the past week. According to MarketWatch, Coinbase is valued at $83.85 in premarket trading, up 8.6% overnight.</p>
 <p>ARK Invest and 21Shares submitted a joint application to launch a spot Bitcoin ETF in April. In August, the regulator postponed a decision on the firms’ proposals. In October, the firms made several changes to the document. In August, the companies sent a paired request to launch two exchange-traded funds based on Ethereum futures.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ark-invest-sold-coinbase-and-gbtc-shares-for-5-8m-tbt67549.html">https://thebittimes.com/ark-invest-sold-coinbase-and-gbtc-shares-for-5-8m-tbt67549.html</a></p>

ARK Invest sold Coinbase and GBTC shares for $5.8m

TheBitTimes

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