Ark Invest, led by Cathie Wood, sold tens of thousands of shares of Coinbase and Grayscale Bitcoin Trust.
According to yesterday’s updates, Next Generation Internet ETF (ARKW) managed by Ark Invest 32,158; Ark Fintech Innovation ETF is 10,455 Coinbase shares sold.
ARKW IN ADDITION TO IT 100,739 Grayscale Bitcoin Trust (GBTC) sold the shares. Total value of sales according to evaluations during the day $5.8 million happened.
Coinbase and GBTC shares gained value with the movement in Bitcoin price. Bitcoin price rises amid market expectations that spot Bitcoin ETFs will be approved up to over $35,000 output.
These expectations were strengthened after BlackRock’s ETF iShares Bitcoin Trust was listed by the Depository Trust & Clearing Corporation.
Ark has also filed with the SEC to establish a spot Bitcoin exchange-traded fund along with 21Shares. There are currently more than 10 spot Bitcoin ETF applications awaiting SEC approval.
According to CoinGecko data, Bitcoin, which appreciated by 11% in 24 hours, is traded at approximately $ 34,100.