Ark Invest Continues to Raise Grayscale Bitcoin Funds! Are Bankruptcy Rumors Lies?

While the expectations that Genesis might go bankrupt push Bitcoin back below $16,000, the Grayscale side remains silent.

GBTC negative premium reached -50% as investors continued to flee from funds, who thought that Genesis’ bankruptcy would harm Grayscale, another company of DCG Group.

absence of buyers GBTCWhile reducing the value of . to magma, a new purchase came from Ark Invest.

The source investment company named Cathie’s Ark, which monitors Ark Invest’s investments, reported that it bought 176,000 GBTC shares on November 21. This equates to a purchase of approximately $1.4 million.

While everyone is running away from Grayscale, Ark Invest’s assessment of the historically low premium on GBTC, “The rumors that DCG is going bankrupt are empty?”, the anxious wait of the investors continues.

Ark Invest’s purchases and sales on November 21 are as follows:

Source: Cathie’s Ark

Ark Invest made its first GBTC purchase after 2021 on November 15.

While it was seen as a positive development that Genesis reduced its emergency fund requirement from $ 1 billion to $ 500 million, the market focused on positive news that would increase the risk appetite to rise.

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