🚀 DeFi and Web 3 fans, Cathie Wood's ARK Invest sold over 200,000 shares of Grayscale Bitcoin Trust (GBTC), which rallied 10% last week! 😱

🎢 201,047 GBTC shares were sold from the ARKW ETF, which were worth $6.03 million based on Friday's closing price. GBTC remains ARKW's largest stake, valued at approximately $132 million with a weighting of 9.97%. 💰

📈 GBTC shares rose 10% last week, from around $27.35 to $30. In 2023, the security has rallied nearly 250%, nearly double bitcoin's 123% rise. 🎉

🏆 Grayscale Investments won a legal victory in August over the U.S. Securities and Exchange Commission (SEC) rejection of its application to convert GBTC into a spot bitcoin exchange-traded fund (ETF). 😎

🤔 What do you think this sale means? We are waiting your comments! 🗣️