Bitcoin Investor Cathie Wood Continues Selling! Here is the Finishing Process!

Bitcoin bull Cathie Wood’s company, Ark Invest, has long collected shares of Coinbase and Robinhood.

Apart from Coinbase and Robinhood, Ark Invest also holds shares of Grayscale Bitcoin Trust (GBTC).

Ark Invest, which has been selling recently, continues its share sales.

According to Coindesk, ARK Invest sold more than 200,000 Grayscale Bitcoin Trust (GBTC) shares as the stock gained value last week.

Ark Invest sold 201,047 GBTC shares from its ARKW ETF. The value of the shares is determined as $ 6.03 million according to Friday’s closing price, while GBTC is traded at $ 29.9 at the time of writing.

Ark Invest holds approximately $132 million worth of GBTC shares.

GBTC shares are at just under $30, up nearly 10% in the past week. GBTC shares are up nearly 250% in 2023; This increase corresponds to a double increase compared to Bitcoin, which increased by approximately 123% in 2023.

*This is not investment advice.