📉Bitcoin exceeded $ 35,000 for the first time in 1.5 years. The price was last at this level in May 2022🚀
🕵️ ARK Invest, which has applied for Bitcoin ETF, sold COIN and GBTCs!
ARK Invest, which not only has a Bitcoin ETF application but also invests in many technology companies, announced yesterday
Turns out he was making sales.
ARK Invest, the company of Cathie Wood, known for its support for Bitcoin and its $ 1 million price prediction, made significant sales as of yesterday. The company sold 42 thousand 613 Coinbase shares and 100 thousand 739 Grayscale GBTC shares.
Coinbase shares were held through the company's Next Generation Internet ETF (ARKW) and Fintech Innovation ETF (ARKF). GBTC shares were also sold through ARKW. Approximately 5.8 million dollars were achieved in total sales.
🔴Sold as the rise started
It was noteworthy that ARK Invest made sales just hours before Bitcoin's rise. Coinbase stock rose more than 7 percent yesterday and closed the day at $77. However, due to a sharp rise in Bitcoin after the close, the shares of crypto-focused companies may also rise sharply at today's opening. Therefore, ARK Invest may have made an early sale.
As it is known, ARK Invest is one of the 12 companies that applied for Bitcoin spot ETF. The SEC postponed the company's application at the beginning of the month. The last day the SEC can make a decision for ARK Invest is January 10, 2024.
