Cathie Wood’s ARK Buy Bitcoin Trust In Dip On Grayscale

Cathie Wood’s ARK shows their intentional trust with Bitcoin. They bought Grayscale’s Bitcoin trust 140,157 shares in a dip. 

ARK Next Generation Internet ETF is a company that shows interest in all types of technology based projects like blockchain, artificial intelligence, big data, and deep learning and now they are moving in crypto assets since few years.

Cathie Wood already bought lots of Bitcoin Trust shares but now they again bought Grayscale’s  140,157 Bitcoin trust shares for their ARK Next Generation Internet ETF. Cathie wood was waiting for the crash and then decided to buy more Bitcoin trust at such huge level. Now they are the eight biggest shareholders of Grayscale Bitcoin trust, according to records.

According to trading records which were published by them on Tuesday. This is really a big Investment in Grayscale Bitcoin trust before it on Monday famed asset management firm bought 310,000 GBTC shares.

Now ARK next generation Internet ETF has a total of 9 million GBT shares. These 9 million GBTC shares are worth around $216 million, which is really a huge amount of Investment in crypto assets at Grayscale. 

ARK internet ETF also have Investment in Coinbase shares, they have around $234 million of shares. And also they are taking their steps in a largest crypto exchange which is based on American region. They are doing so much Investment in crypto because they believe that the large crypto will hit $500,000 in the long run easily.

While public data shows that Tesla, Twitter, and Shopify are still at the top in the ETF holding shares. 

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