ARK Invest, managed by Cathie Wood, made its biggest sale in a year, reaching 395,945 GBTC sold.
ARK Invest, from the exchange traded fund (ETF) called Next Generation Internet, the other day. $12.85 million sold Grayscale Bitcoin Trust (GBTC) shares.
After the shares were disposed of, the fund still had approximately $112.7 million worth GBTC.
Grayscale’s Bitcoin Trust fell nearly 9% to $32.46, accompanying the decline in the spot Bitcoin price.
ARK Invest, which sold more than $100 million worth of shares over the past week, sold Coinbase (COIN) shares worth $1.8 million at the beginning of the week.
Shares of cryptocurrency exchange Coinbase closed the day at $138.02, with a 5.8% drop.