Cathie Wood’s ARK exits Grayscale GBTC entirely as spot ETF anticipation rises
Cathie Wood’s asset management firm ARK Invest’s Next Generation Internet ETF (ARKW) sold all its positions in Grayscale’s Bitcoin Trust (GBTC) on Dec. 27 and purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO), according to the company’s latest trade filing. ARK divesting positions in COIN and GBTC The trading activity continues a recent...