Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Cathie Wood’s Ark Invest Sells off Entire GBTC Holdings, Allocates $100 Million to Bitcoin Futures ETF BITO

Cathie Wood’s Ark Invest Sells off Entire GBTC Holdings, Allocates $100 Million to Bitcoin Futures ETF BITO


cryptonews
2023-12-28 03:56:11

Source: Adobe Stock Cathie Wood’s Ark Invest has reportedly offloaded its entire Grayscale Bitcoin Trust (GBTC) holdings, following a recent trend of divestment. Earlier this month, the asset management firm liquidated nearly $45 million in GBTC shares and over $150 million in Coinbase shares. Bloomberg analyst Eric Balchunas revealed that half of the proceeds from The post Cathie Wood’s Ark Invest Sells off Entire GBTC Holdings, Allocates $100 Million to Bitcoin Futures ETF BITO appeared first on Cryptonews .


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.