ARK Invest, led by popular investor Cathie Wood, continues to sell shares of Grayscale Bitcoin Trust (GBTC).
A large amount in the last month GBTC selling ARK Invest, It added a new one to these sales last week.
The company last ARK Next Generation Internet ETF (ARKW) under the name of about 5 million dollars worth 163,722 GBTC sold. The company in total in November 579.07 GBTC by selling shares $16.9 million made a profit. After all these sales, on the company’s balance sheet $126 million worth 4.23 million GBTC shares remained.
The company’s sell-off recently revealed that GBTC’s premium to its net asset value (NAV) after 2 years first time below 10% It did not go unnoticed that it occurred in parallel with his fall.
ARK Invest lost huge value during a deep bear season for cryptocurrencies to GBTC He had invested tens of millions of dollars. Currently, GBTC funds account for approx. 1% It creates.
GBTC shares have been on the rise since the beginning of this year. 273% by appreciating $8.41 from level for $31.48 reached up. GBTC at the time of writing from $30.45 is being traded.