Ark Invest Sells $3.8M Stake in Grayscale Bitcoin Trust
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Nov. 8, 2023

Asset management company Ark Invest, which is owned by Cathie Wood, has sold 139,506 shares of the Grayscale Bitcoin Trust ($3.8 million) from its ARK Next Generation Internet (ARKW) fund.

The company has also reportedly acquired 113,326 shares ($5.6 million) of Block, Inc. through three of its funds.

In particular, the company has added 70,022 Block, Inc. shares to its ARK Innovation ETF (ARKK) fund, 26,345 to its ARKW fund and 16,959 to its Ark Fintech Innovation ETF (ARKF) fund.

GBTC is currently trading at around $27, accumulating an increase of more than 30% over the past month.

The company has been selling shares of crypto exchange Coinbase this year.

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