Generation

Million

Grayscale Bitcoin Trust

Daily

Source: Ark Invest Instagram 
Cathie Wood led ARK Invest fund sold around 809, 441 Grayscale Bitcoin Trust (GBTC) shares worth $27.6 million from its Next Generation Internet (ARKW) exchange-traded fund (ETF) on Monday, the biggest sale in more than a year, Ark Invest Daily reported. 
The price of Bitcoin once again rose above the $43,000 mark early Tuesday in Asian hours, registering a nearly 5% increase in the last 24 hrs coinciding with <a href="https://twitter.com/JSeyff/status/1736882588474564874">recent ETFs updates</a> from the SEC. 
Cathie Wood and Ark Invest's trade activity from today 12/18 <a href="https://t.co/Nx06hSyRYQ">pic.twitter.com/Nx06hSyRYQ</a> 
— Ark Invest Daily (@ArkkDaily) <a href="https://twitter.com/ArkkDaily/status/1736914778423959615?ref_src=twsrc%5Etfw">December 19, 2023</a> 
<h2 id="ark-invest-offloads-42-5-million-in-gbtc-shares">Ark Invest Offloads $42.5 Million in GBTC Shares</h2> 
 Ark sold 12,000 shares of GBTC on Friday, amounting to $409,000, $1.6 million on Wednesday and <a href="https://cryptonews.com/news/ark-invest-dumps-nearly-13-million-in-gbtc-shares-amid-broader-market-sell-off.htm">$12.9 million on Monday</a>, successfully unloading a cumulative total of $14.9 million in GBTC shares just last week. 
GBTC traded for $34.54 at market close on Monday as Ark capitalized on recent gains. GBTC shares remain around 39% down from a high of $56.70 set in February 2021. 
There has been a significant narrowing for GBTC’s discount to net asset value in recent months. As of December 19, GBTC negative premium rate stands at -8.04%, with a monthly change of -1087.02, as per <a href="https://www.coinglass.com/zh/Grayscale">Coinglass data</a>. 
<h2 id="ark-invest-sold-59-million-coinbase-shares-last-week">Ark Invest Sold $59 Million Coinbase Shares Last Week</h2> 
 Ark Invest sold roughly <a href="https://cryptonews.com/news/cathie-woods-ark-invest-continues-to-dump-coinbase-and-gbtc-shares.htm">$59 million in Coinbase shares last week</a>. In the recent trade filing, the investment management firm disclosed the sale of 18,962 COIN shares ($2.8 million) on Friday. 
Capitalizing on the recent rally, Cathie Wood’s company sold 12,142 Coinbase shares ($1.8 million) from its Innovation ETF, 2,278 ($337,000) from its Next Generation Internet ETF, and 4,542 ($672,000) from its Fintech Innovation ETF. 
This follows the trend set earlier in the week with the sale of $42.6 million worth of COIN on Wednesday, $11.5 million on Tuesday, and $1.9 million on Monday. The cumulative divestment reached $58.8 million in Coinbase shares for the week. 
Ark Invest had also previously dumped $100 million worth of Coinbase shares in the prior week.

Cathie Wood’s Ark Invest Sells $27.6 Million in GBTC Shares as Bitcoin Touches $43K Again

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