Cathie Wood liquidated $6 million in crypto shares; why?
While Bitcoin crossed the $35,000 mark on Tuesday, Ark Invest sold a good part of its Coinbase (COIN) and Grayscale Bitcoin Trust (GBTC) shares.
Similarly, the company bought 259,628 Robinhood (HOOD) shares, marking a major change in strategy.
According to Cathie Wood, the SEC could soon change its position vis-à-vis Bitcoin cash ETFs. While the price of Bitcoin (BTC) crossed the $35,000 mark on Tuesday, Ark Invest made a surprising decision.
Under the leadership of its founder Cathie Wood, Ark Invest made an unexpected decision to say the least. Indeed, the company has separated from a good part of its Coinbase (COIN) and Grayscale Bitcoin Trust (GBTC) shares.
