06-24-2021, 12:59 AM
Aunty Cathie bought 1 million shares of Grayscale Bitcoin Trust during crypto’s dr
<!-- SC_OFF --><div class="md"><p>ARK Invests scooped up over 1M shares of Grayscale Bitcoin Trust (OTC:GBTC) in Tuesday's trading session, equating to a rough valuation of $29.3M. The buy came as bitcoin (BTC-USD) plunged below $29K. Bitcoin has since bounced, now trading a hair over $34K.</p> <p>The GBTC purchase was made via the actively managed ARK Next Generation Internet ETF (NYSEARCA:ARKW), and as of yesterday GBTC is now the ninth-largest holding inside of ARKW at 3.62% of the fund. Wood and team also added just shy of $50M of Coinbase (NASDAQ:COIN) to the ARK Innovation Fund (NYSEARCA:ARKK) during yesterday's action</p> <p>I am just an ape but…. Moooon?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ScienceFreak11"> /u/ScienceFreak11 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o6c0wg/aunty_cathie_bought_1_million_shares_of_grayscale/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o6c0wg/aunty_cathie_bought_1_million_shares_of_grayscale/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>ARK Invests scooped up over 1M shares of Grayscale Bitcoin Trust (OTC:GBTC) in Tuesday's trading session, equating to a rough valuation of $29.3M. The buy came as bitcoin (BTC-USD) plunged below $29K. Bitcoin has since bounced, now trading a hair over $34K.</p> <p>The GBTC purchase was made via the actively managed ARK Next Generation Internet ETF (NYSEARCA:ARKW), and as of yesterday GBTC is now the ninth-largest holding inside of ARKW at 3.62% of the fund. Wood and team also added just shy of $50M of Coinbase (NASDAQ:COIN) to the ARK Innovation Fund (NYSEARCA:ARKK) during yesterday's action</p> <p>I am just an ape but…. Moooon?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ScienceFreak11"> /u/ScienceFreak11 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o6c0wg/aunty_cathie_bought_1_million_shares_of_grayscale/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o6c0wg/aunty_cathie_bought_1_million_shares_of_grayscale/">[comments]</a></span>Kind Regards R