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  • A.R.T Digital Team

Cathie Wood's ARK Snaps Up $100 Million In Bitcoin Futures ETF


Wood's ARK sold almost $200 million worth of shares in the Grayscale Bitcoin Trust to buy the bitcoin futures ETF.

Cathie Wood's ARK Invest has offloaded its last remaining shares of the Grayscale Bitcoin Trust (GBTC) in an almost $200 million sale, which it then used to snap up nearly $100 million worth of shares of the ProShares Bitcoin Strategy exchange-traded fund (ETF). The purchase made Wood’s Ark Invest the world’s second-biggest shareholder of the bitcoin futures ETF.

Source - The Street.


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