{"id":88883,"date":"2023-11-26T02:23:04","date_gmt":"2023-11-26T07:23:04","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/cathie-woods-ark-sells-over-700k-gbtc-shares-in-past-month\/"},"modified":"2023-11-26T02:23:05","modified_gmt":"2023-11-26T07:23:05","slug":"cathie-woods-ark-sells-over-700k-gbtc-shares-in-past-month","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=88883","title":{"rendered":"Cathie Wood&#8217;s ARK Sells Over 700k GBTC Shares in Past Month"},"content":{"rendered":"<div>\n<figure id=\"attachment_136091\" aria-describedby=\"caption-attachment-136091\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-136091\" class=\"wp-caption-text\">Source: Ark Invest \/ Instagram<\/figcaption><\/figure>\n<p>ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC) even as Wood continues to express a bullish outlook on Bitcoin.<\/p>\n<p>ARK\u2019s Next Generation Internet ETF has sold over 700,000 shares of GBTC since October 23, with an additional 36,168 shares offloaded on Wednesday.<\/p>\n<p>GBTC serves as a means for investors to access Bitcoin exposure in a security format.<\/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\/22 <a rel=\"nofollow\" href=\"https:\/\/t.co\/NuOunqcA0F\">pic.twitter.com\/NuOunqcA0F<\/a><\/p>\n<p>\u2014 Ark Invest Daily (@ArkkDaily) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ArkkDaily\/status\/1727492912261329020?ref_src=twsrc%5Etfw\">November 23, 2023<\/a><\/p>\n<\/blockquote>\n<h2>ARK Invest Sells GBTC Shares Despite Bullish Market<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>This reduction in holdings is noteworthy given the recent surge in Bitcoin prices, reaching its highest level since May 2022 earlier this month. Despite regulatory uncertainties and actions against key figures in the crypto space, including Binance\u2019s Changpeng \u201cCZ\u201d Zhao and FTX\u2019s Sam Bankman-Fried, Bitcoin has more than doubled in value this year.<\/p>\n<p>Earlier, Cathie Wood endorsed GBTC as her top pick at the Sohn Australia conference held at the Sydney Opera House, as reported by the Australian Financial Review. As of September 30, ARK was the fourth-largest holder of GBTC, possessing 5.6 million shares.<\/p>\n<p>While Wood and ARK\u2019s officials have yet to respond to inquiries about the reduction in GBTC holdings, the move contrasts with Wood\u2019s public stance on Bitcoin.<\/p>\n<p>The <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ArkkDaily\">daily trading updates from ARK<\/a> reflect active decisions by the management team, excluding creation or redemption activity influenced by investor flows.<\/p>\n<p>ARK\u2019s Next Generation Internet ETF has displayed robust performance throughout the year, boasting a 65% increase compared to the Nasdaq 100 Index\u2019s 46% advance.<\/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-wood-ark-sells-over-700k-gbtc-shares-in-past-month.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Ark Invest \/ Instagram ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC) even as Wood continues to express a bullish outlook on Bitcoin. ARK\u2019s Next Generation Internet ETF has sold over 700,000 shares of GBTC since October 23, with an additional 36,168 shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":88884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-88883","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>Cathie Wood&#039;s ARK Sells Over 700k GBTC Shares in Past Month | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Ark Invest \/ Instagram ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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