Cathie Wood: Ark dumps 500K GBTC shares, provides Coinbase stock as Bitcoin recovers 40%

Cathie Wood: Ark dumps 500K GBTC shares, provides Coinbase stock as Bitcoin recovers 40%

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Cathie Wood's Ark Invest offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November's Bitcoin (BTC) designate lows, the most standard files reveals.

Ark Invest added 450,272 GBTC shares worth $4.5 million to its ARK Next Generation Web ETF (ARKW) in November 2022. At the time, GBTC was procuring and selling within the $7.46-$9.48 fluctuate versus $12.25 in January 2023.

<em>GBTC day after day designate chart. Source: TradingView</em>
<em>GBTC shares (red) in Ark's ETF versus its designate (orange). Source: Cathiesark.com</em>
<em>GBTC shares' weight (red) all the arrangement in which thru Ark ETFs. Source: Cathiesark.com</em>
<em>COIN shares (red) in Ark's ETF versus its designate (orange). Source: Cathiesark.com</em>
<em>GBTC day after day designate chart. Source: TradingView</em>

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