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Ark Invest Acquired 315,259 Shares Of GBTC

Days after the trust’s discount hit a new low, Cathie Wood’s Ark Invest purchased shares of Grayscale’s Bitcoin Trust (GBTC) on Monday.

Ark Invest Acquired 315,259 Shares Of GBTC 2

Ark’s most recent transaction disclosure shows that on Monday it acquired 315,259 shares of GBTC. The asset manager purchased the shares for over $2.8 million, and they were added to the Ark Next Generation Internet ETF. Since July 2021, Ark Invest has not purchased any GBTC.

GBTC is now trading at a 39.8% discount to NAV.

The exchange-traded funds (ETF) of Ark Investment Management bought 237,675 shares of Coinbase last week as the stock fell due to the failure of rival FTX.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.