Summary by Ground News ARK Investment Management, led by CEO Cathie Wood, has sold its entire remaining position in Grayscale Bitcoin Trust GBTC. Approximately $100 million from the sale was used to purchase shares in ProShares Bitcoin Strategy ETF BITO. BITO is the first U.S. Bitcoin futures ETF and represents a new avenue for investors to gain exposure to Bitcoin. Share menu More
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Benzinga Center High Factuality GBTC? Nah. Cathie Wood’s Ark Invest Bets Future On BITO For Explosive Growth – ARK Next Generation Internet ETF (ARCA:ARKW) In a notable shift in investment strategy, ARK Investment Management, led by CEO Cathie Wood, has sold its entire remaining position in Grayscale Bitcoin Trust (OTC: GBTC). This move is particularly significant as GBTC was the largest holding in ARK’s Next Generation Internet ETF (ARKW) just a month ago. Bloomberg analyst Eric Balchunas highlighted in a recent tweet that approximately $100 million from the sale was used to purchase shares in Pro…
3 hours ago · New York, United States Read Full Article
Benzinga Center High Factuality
GBTC? Nah. Cathie Wood’s Ark Invest Bets Future On BITO For Explosive Growth – ARK Next Generation Internet ETF (ARCA:ARKW) In a notable shift in investment strategy, ARK Investment Management, led by CEO Cathie Wood, has sold its entire remaining position in Grayscale Bitcoin Trust (OTC: GBTC). This move is particularly significant as GBTC was the largest holding in ARK’s Next Generation Internet ETF (ARKW) just a month ago. Bloomberg analyst Eric Balchunas highlighted in a recent tweet that approximately $100 million from the sale was used to purchase shares in Pro…
3 hours ago · New York, United States Read Full Article claytoncountyregister.com Center Mixed Factuality ARK Invest Liquidates GBTC Holdings and Diversifies with Bitcoin Futures ETF In a surprising move, ARK Invest, the investment management firm led by Cathie Wood, has decided to liquidate its entire Grayscale Bitcoin Trust (GBTC) holdings. The firm sold off the remaining GBTC shares, which were valued at $200 million. As part of this strategic shift, ARK Invest has invested $100 million in ProShares’ Bitcoin futures ETF. This decision marks the final layoff of ARK Invest’s GBTC shares, following two previous sales in Octo…
7 hours ago · Elkader, United States Read Full Article
claytoncountyregister.com Center Mixed Factuality
ARK Invest Liquidates GBTC Holdings and Diversifies with Bitcoin Futures ETF In a surprising move, ARK Invest, the investment management firm led by Cathie Wood, has decided to liquidate its entire Grayscale Bitcoin Trust (GBTC) holdings. The firm sold off the remaining GBTC shares, which were valued at $200 million. As part of this strategic shift, ARK Invest has invested $100 million in ProShares’ Bitcoin futures ETF. This decision marks the final layoff of ARK Invest’s GBTC shares, following two previous sales in Octo…
7 hours ago · Elkader, United States Read Full Article Think freely. Subscribe and get full access to Ground News Subscriptions start at $9.99/year Subscribe
