skip to Main Content
bitcoin
Bitcoin (BTC) $ 95,058.47 1.31%
ethereum
Ethereum (ETH) $ 1,800.17 0.34%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.30 1.78%
bnb
BNB (BNB) $ 606.31 0.41%
solana
Solana (SOL) $ 148.00 0.15%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.179144 0.26%
cardano
Cardano (ADA) $ 0.705561 0.21%
tron
TRON (TRX) $ 0.248331 1.15%

ARK Sells $28M Grayscale Bitcoin Trust Shares as Bitcoin Nears $43K

Cathie Wood’s ARK continues to trim its holdings of the Grayscale Bitcoin Trust (GBTC) as the discount narrows and bitcoin (BTC) nears $43,000.

A disclosure from ARK shows that ARK Next Generation Internet ETF (ARKW) sold 809,441 shares of GBTC for approximately $28 million.

After this latest sale, the investment firm is left with 3.4 million GBTC shares ($117.4 million), down from a high of around 9 million shares in July 2021.

ARKW bought the GBTC shares at an average cost of $24.08, putting this sale in the black as GBTC is currently trading for $34.54.

Bitcoin is currently trading above $42,900, according to CoinDesk Indicies data, and is up 17% over the last 30 days.

Edited by Parikshit Mishra.

Loading data ...
Comparison
View chart compare
View table compare
Back To Top