Cathie Wood’s ARK Invest sold over 200,000 shares in Grayscale Bitcoin Trust (GBTC) on Nov. 10 as the BTC investment vehicle rallied around 10% last week.
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 based on Friday’s closing price. GBTC remains the largest holding of ARKW, with a weighting of 9.97% worth about $132 million.
The sale followed smaller transactions totaling about $5.7 million over several days earlier in the week.
GBTC shares rose nearly 10% last week from around $27.35 to just under $30. The trust has rallied