Cathie Wood’s ARK Invest Fund Dumps Grayscale Bitcoin Trust (GBTC) Shares Ahead of Looming ETF Decision: Report

An exchange-traded fund (ETF) managed by Cathie Wood’s ARK Invest has reportedly liquidated all of its holdings in crypto giant Grayscale’s flagship Bitcoin (BTC) trust product. According to Bloomberg, the ARK Next Generation Internet ETF unloaded its remaining 2.25 million shares of the Grayscale Bitcoin Trust (GBTC) on Wednesday. Wood’s fund also accumulated 4.32 million The post Cathie Wood’s ARK Invest Fund Dumps Grayscale Bitcoin Trust (GBTC) Shares Ahead of Looming ETF Decision: Report appeared first on The Daily Hodl .