Ark Invest Offloads GBTC Shares As Bitcoin Spot ETF Brews On Horizon

As the much-awaited deadline for Bitcoin Spot ETF applications is drawing near, Ark Investment Management under the direction of Cathie Wood has sold off its entire Grayscale Bitcoin Trust (GBTC) holdings. Ark Invest Bitcoin Investment Strategy Shift Bloomberg Intelligence ETF analyst Eric Balchunas recently reported the development on X (formerly Twitter) on Thursday, December 28. […] source: https://bitcoinist.com/ark-invest-offloads-its-grayscale-bitcoin-shares/