{"id":81528,"date":"2023-11-07T02:59:59","date_gmt":"2023-11-07T07:59:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/ark-invest-sells-grayscale-holdings-buys-blocks-shares\/"},"modified":"2023-11-07T03:00:05","modified_gmt":"2023-11-07T08:00:05","slug":"ark-invest-sells-grayscale-holdings-buys-blocks-shares","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=81528","title":{"rendered":"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares"},"content":{"rendered":"<div>\n<p>\u00a0<\/p>\n<figure id=\"attachment_127820\" aria-describedby=\"caption-attachment-127820\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-127820\" class=\"wp-caption-text\">Source: Ark Invest<\/figcaption><\/figure>\n<p>Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its Grayscale Bitcoin Trust holdings.<\/p>\n<p>Ark\u2019s purchase, involving its flagship ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark Fintech Innovation ETF, <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/ArkkDaily\/status\/1721696152439902546\" target=\"_blank\">purchased 113,326 shares of Block Inc.<\/a> with a worth of $5.61 million. The transaction was based on Block\u2019s closing price of $49.52 on Nov. 6.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cathie Wood and Ark Invest&#8217;s trade activity from today 11\/6 <a rel=\"nofollow\" href=\"https:\/\/t.co\/7Fbc7i6SUs\">pic.twitter.com\/7Fbc7i6SUs<\/a><\/p>\n<p>\u2014 Ark Invest Daily (@ArkkDaily) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ArkkDaily\/status\/1721696152439902546?ref_src=twsrc%5Etfw\">November 7, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Ark Invest Offloads Grayscale Bitcoin Trust Shares<\/h2>\n<p>\nOn the same day, Ark Invest reduced its investment in the Grayscale Bitcoin Trust, offloading shares worth $3.76 million with Grayscale closed at $26.95. The sale is a continuation of a trend where Ark has been trimming its investments in cryptocurrency trusts.<\/p>\n<p>On Oct. 23, Cathie Wood\u2019s Ark Invest sold 100,739 Grayscale Bitcoin Trust shares with a worth of $2.5 million through ARK Next Generation Internet ETF.\n<\/p>\n<h2>Cathie Wood\u2019s Confidence in Grayscale and Bitcoin<\/h2>\n<p>\nCathie Wood expressed her confidence in Grayscale back in Nov. 2022 in a Bloomberg Television and Radio interview. \u201cWe know that the Grayscale Investment trusts are the most valuable part of that company right now, and they\u2019re cash cows,\u201d Wood said. \u201cWe think they\u2019re going to try and hold onto that if nothing else.\u201d<\/p>\n<p>Ark Invest has been a perpetual bullish investor of bitcoin. In the Bloomberg interview, Wood insisted that the price of bitcoin will reach $1 million by 2030.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/cathie-woods-ark-invest-continues-to-sell-grayscale-bitcoin-trust-holdings-buys-blocks-shares.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Source: Ark Invest Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its Grayscale Bitcoin Trust holdings. Ark\u2019s purchase, involving its flagship ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark Fintech Innovation ETF, purchased 113,326 shares of Block Inc. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":81529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-81528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a0 Source: Ark Invest Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=81528\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Source: Ark Invest Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=81528\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T07:59:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T08:00:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699340827-cathie-wood.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=81528#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=81528\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares\",\"datePublished\":\"2023-11-07T07:59:59+00:00\",\"dateModified\":\"2023-11-07T08:00:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=81528\"},\"wordCount\":282,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=81528#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=81528\",\"url\":\"https:\/\/ifintechworld.com\/?p=81528\",\"name\":\"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-07T07:59:59+00:00\",\"dateModified\":\"2023-11-07T08:00:05+00:00\",\"description\":\"\u00a0 Source: Ark Invest Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=81528#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=81528\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=81528#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares | iFintechWorld","description":"\u00a0 Source: Ark Invest Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=81528","og_locale":"en_US","og_type":"article","og_title":"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares | iFintechWorld","og_description":"\u00a0 Source: Ark Invest Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its","og_url":"https:\/\/ifintechworld.com\/?p=81528","og_site_name":"iFintechWorld","article_published_time":"2023-11-07T07:59:59+00:00","article_modified_time":"2023-11-07T08:00:05+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699340827-cathie-wood.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=81528#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=81528"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares","datePublished":"2023-11-07T07:59:59+00:00","dateModified":"2023-11-07T08:00:05+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=81528"},"wordCount":282,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=81528#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=81528","url":"https:\/\/ifintechworld.com\/?p=81528","name":"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-07T07:59:59+00:00","dateModified":"2023-11-07T08:00:05+00:00","description":"\u00a0 Source: Ark Invest Ark Invest, led by Cathie Wood, has adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=81528#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=81528"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=81528#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Ark Invest Sells Grayscale Holdings, Buys Block\u2019s Shares"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/81528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81528"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/81528\/revisions"}],"predecessor-version":[{"id":81530,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/81528\/revisions\/81530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/81529"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}