SQ - Cathie Wood Dumps Over $6M Grayscale Bitcoin Fund This Week As Bitcoin Rallies About 14% While Amassing $12.4M Worth Of This Crypto-linked Stock | Benzinga
Ark Invest sold more Grayscale Bitcoin Trust (OTC:GBTC) units on Friday, as the fund recovered this week amid a rally in its underlying asset Bitcoin (CRYPTO: BTC).
What Happened: On Friday, the Cathie Wood-led firm’s Ark Next Generation Internet ETF (NYSE:ARKW) sold 66,342 units of GBTC, valued at $1.66 million based on its closing price of $25.07. The firm was a