Investment administration agency ARK Invest is including further publicity to Bitcoin by means of the Grayscale Bitcoin Trust.
A brand new update of ARK Invest’s newest purchases reveals that the funding administration firm, headed by Cathie Wood, purchased 140,157 shares of Grayscale Bitcoin Trust (GBTC) on July twentieth.
A day earlier, ARK Invest purchased 310,067 GBTC shares, including to its complete of 450,224 shares within the Grayscale fund bought this week. These shares are price roughly $7.45 million at time of writing.
With ARK Invest’s newest GBTC purchases, the ARKW ETF now holds a complete of 9,030,366 shares within the Grayscale belief. The market worth of the stake is over $200 million. The GBTC stake is a top ten holding for Cathie Wood’s funding administration agency, with a fund weight of 3.76%.
On July nineteenth, ARK Invest added 48,977 shares of cryptocurrency alternate Coinbase (NASDAQ: COIN) to its stake, one other top-ten holding. This transfer coincides with Coinbase’s shares falling near its all-time low of about $212.
The buy brings the full quantity of Coinbase shares held by ARK Invest to 1,042,254. The shares are price over $240 million, or about 4.07% of the ARKW ETF, at time of writing.
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