Home Crypto Cathie Wood’s ARK Invest Adds 450,000 Shares of Grayscale’s Bitcoin Trust

Cathie Wood’s ARK Invest Adds 450,000 Shares of Grayscale’s Bitcoin Trust

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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Featured Image: Shutterstock/Gonin

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