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’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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