GBTC - Cathie Wood's ARK Bitcoin ETF Posts Record $87M Outflow As Crypto Market Faces Correction | Benzinga
Cathie Wood’s ARK 21Shares Bitcoin ETF ARKB (BATS:ARKB) reported significant outflows of capital, recording a loss of $87 million on Tuesday.
What Happened: This figure, translated into Bitcoin (CRYPTO: BTC), is approximately 1,300 BTC, as per the preliminary figures released by Farside Investors.
This withdrawal event is notable for being the fund’s most substantial daily loss to date, surpassing that of Grayscale's Bitcoin Trust (NASDAQ:GBTC) for the first time since the inception of the spot Bitcoin ETF in the United States.
The ARKB fund declined ...