United

Bitcoin

Generation

Grayscale Bitcoin Trust

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<ul>
 <li>ARK sold 201,047 GBTC shares from the Next Generation Internet ETF (ARKW) fund. The value of the shares was $6.03 million based on the closing price on Friday.</li>
 <li>GBTC continues to be the largest asset of ARKW with a weight of 9.97%, which is approximately $132 million in value.</li>
 <li>The trust has risen by about 250% in 2023, nearly double the approximately 123% increase in Bitcoin (BTC) this year.</li>
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<p><strong>Cathie Wood’s ARK Invest company executed sales in Grayscale’s Bitcoin Trust assets: Over 200,000 GBTC shares were sold.</strong></p>
<h2 id="strong-ark-invest-selling-gbtc-shares-strong"><strong>ARK Invest Selling GBTC Shares</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-129140" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="cathie-wood-bitcoin" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/10/cathie-wood-bitcoin.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Cathie Wood’s ARK Invest sold over 200,000 GBTC shares on November 10 when Grayscale Bitcoin Trust (GBTC), a Bitcoin investment vehicle, gained approximately 10%. ARK sold 201,047 GBTC shares from the Next Generation Internet ETF (ARKW) fund. The value of the shares was $6.03 million based on the closing price on Friday.</p>
<p>GBTC continues to be the largest asset of ARKW with a weight of 9.97%, which is approximately $132 million in value. The sale followed approximately $5.7 million in smaller transactions over a few days earlier in the week.</p>
<p>GBTC shares gained about 10% last week, dropping from around $27.35 to just below $30. The trust has risen by about 250% in 2023, nearly double the approximately 123% increase in Bitcoin (BTC) this year.</p>
<h2 id="strong-expectations-for-an-etf-in-gbtc-have-excited-the-community-strong"><strong>Expectations for an ETF in GBTC have excited the community</strong></h2>
<p>Grayscale Investments achieved a legal victory against the U.S. Securities and Exchange Commission (SEC) in August, which rejected the application to convert GBTC into a spot bitcoin exchange-traded fund (ETF). Last week, the SEC began discussions with Grayscale about the details of its application; this has been considered a significant factor in the recent crypto rally in the United States regarding the possibilities of listing a spot ETF.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/cathie-woods-ark-invest-company-sold-over-200000-grayscale-bitcoin-trust-shares/">Cathie Wood’s ARK Invest Company Sold Over 200,000 Grayscale Bitcoin Trust Shares!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Cathie Wood’s ARK Invest Company Sold Over 200,000 Grayscale Bitcoin Trust Shares!

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