Following reports about Cathie Wood’s asset management firm Ark Invest offloading all the remaining stocks of Grayscale Bitcoin Trust ($GBTC), Bloomberg Intelligence analyst Eric Balchunas informed that the firm diverted a significant portion of the share sale funds to purchase ProShares Bitcoin Strategy ETF ($BITO) stock. Also Read: Bitcoin ETF: Attorney Says US SEC’s Holiday The post Bloomberg Analyst: Cathie Wood ‘Temporarily Parked’ GBTC Share Sale Funds appeared first on CoinGape .
