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

HostArmada - Affordable Cloud SSD Web Hosting

Cathie Wood’s investment firm, ARK Invest, has sold 700,000 shares of the Grayscale 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:) Finance
The ARK Next Generation Internet ETF’s top three holdings by weight. Source: ARK