Cathie Wood has shown that she continues to believe in Bitcoin as her ARK Next Generation Internet ETF (ARKW) added 315,259 shares of Grayscale Bitcoin Trust (OTC:GBTC) yesterday. Currently, GBTC represents a 4.6% weighting in the ARKW ETF, translating to a value of almost $55 million. GBTC is currently at a multi-year low, as it has fallen over 70% year-to-date. Things haven't been much better for Cathie Wood's fund either, as it has fallen almost 60% year-to-date and more than 70% from its all-time high.
https://www.tipranks.com/news/cathie-wood-increases-position-in-grayscale-bitcoin-trust?utm_source=advfn.com&utm_medium=referral
Grayscale Bitcoin Trust ... (QX) (USOTC:GBTC)
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Grayscale Bitcoin Trust ... (QX) (USOTC:GBTC)
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From Mar 2022 to Mar 2023 Click Here for more Grayscale Bitcoin Trust ... (QX) Charts.