Tag: Grayscale Bitcoin Trust
Investment Giants BlackRock and Fidelity Stir Interest in Spot Bitcoin ETFs Among Professionals
These prospective bitcoin ETF issues have a significant amount of assets under management (we estimate around $16 trillion), so they could have a huge [...]
Cathie Wood’s ARK Sells $33M of Coinbase (COIN) Shares, $5.9M of Grayscale Bitcoin Trust (GBTC)
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Cathie Wood’s ARK Invest Sold $5M Worth of GBTC Shares Last Week
The discount shrank to 8.6% on Friday, the lowest since July 2021, in a sign of escalating optimism that a spot bitcoin exchange-traded fund (ETF) wil [...]
Grayscale Bitcoin Trust Could See $2.7B of Outflows if ETF Conversion Is Approved: JPMorgan
“If this $2.7b exits completely the bitcoin space then such an outflow would of course put severe downward pressure on bitcoin prices,” the authors wr [...]
Cathie Wood’s ARK Invest ARKW Fund Sold $6M of Grayscale Bitcoin Trust (GBTC) Shares Amid Rally
ARK offloaded 201,047 GBTC shares from its Next Generation Internet ETF (ARKW), according to an emailed update. The shares were valued $6.03 million b [...]
Cathie Wood’s ARK Invest Sells 2% of Grayscale Bitcoin Trust Holdings as BTC Tops $34K
The fund sold 100,739 shares, equivalent to around 2% of ARK's Next Generation ETF (ARKW) holdings. The sale coincided with bitcoin (BTC) enjoying a b [...]