Cathie Wood's Ark Invest Sells $2.9M Worth Of GBTC Shares Amid Crypto Market Volatility

Benzinga2023-12-08

On Thursday, Cathie Wood-led Ark Invest made a significant move by selling nearly $2.9 million worth of Grayscale Bitcoin Trust shares. This decision comes amidst a fluctuating crypto market and Ark’s...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1174617891?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-12-08 14:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1174617891","market":"us","top_or_hot":-1,"title":"Cathie Wood's Ark Invest Sells $2.9M Worth Of GBTC Shares Amid Crypto Market Volatility","media":"Benzinga","content":"<div>\n<p>On Thursday, Cathie Wood-led Ark Invest made a significant move by selling nearly $2.9 million worth of Grayscale Bitcoin Trust shares. This decision comes amidst a fluctuating crypto market and Ark’s...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/23/12/36147703/cathie-woods-ark-invest-trims-bitcoin-exposure-sells-2-9m-worth-of-gbtc-shares-amid-crypto\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Invest Sells $2.9M Worth Of GBTC Shares Amid Crypto Market Volatility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Invest Sells $2.9M Worth Of GBTC Shares Amid Crypto Market Volatility\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-08 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/23/12/36147703/cathie-woods-ark-invest-trims-bitcoin-exposure-sells-2-9m-worth-of-gbtc-shares-amid-crypto><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On Thursday, Cathie Wood-led Ark Invest made a significant move by selling nearly $2.9 million worth of Grayscale Bitcoin Trust shares. This decision comes amidst a fluctuating crypto market and Ark’s...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/23/12/36147703/cathie-woods-ark-invest-trims-bitcoin-exposure-sells-2-9m-worth-of-gbtc-shares-amid-crypto\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ACCD","symbol_name":"Accolade, Inc.","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/23/12/36147703/cathie-woods-ark-invest-trims-bitcoin-exposure-sells-2-9m-worth-of-gbtc-shares-amid-crypto","article_id":"1174617891","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174617891","pubTimestamp":1702017584,"sourceInfo":{"source_id":"lsy1606299360108","name":"Benzinga"},"weMediaInfo":null,"summary":"On Thursday, Cathie Wood-led Ark Invest made a significant move by selling nearly $2.9 million worth of Grayscale Bitcoin Trust shares. This decision comes amidst a fluctuating crypto market and Ark’s","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ACCD":"Accolade, Inc.","TTD":"Trade Desk Inc.","IRDM":"铱星通讯","GBTC":"Grayscale Bitcoin Trust","ADPT":"Adaptive Biotechnologies Corp","PD":"PagerDuty, Inc."},"translate_title":"Cathie Wood的Ark Invest在加密市场波动中出售价值290万美元的GBTC股票","themeId":"b450f1d4aa0246ad9fdbfc0fc150ccb7","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACCD":1.1,"ADPT":1.1,"GBTC":1.1,"IRDM":1.1,"PD":1.1,"TTD":1.1},"content_text":"On Thursday, Cathie Wood-led Ark Invest made a significant move by selling nearly $2.9 million worth of Grayscale Bitcoin Trust shares. This decision comes amidst a fluctuating crypto market and Ark’s strategic adjustments in their crypto holdings.Notably, the apex cryptocurrency, Bitcoin was seen trading by nearly 1% at $43,523.72 at the time of publishing. The second-largest coin by market cap, Ethereum was up nearly 6% at $2,382.43. The mixed performance of large cryptocurrencies was attributed to increasing fears of a “bull trap”by traders.The GBTC TradeOn Thursday, Ark sold 86,159 units of the Bitcoin Investment Trust. The sale was made through ARK Next Generation Internet ETF. On the day GBTC closed 2.9% lower at $33.90. The transaction was valued at $2.92 million.Ark Invest’s sale of GBTC shares aligns with recent market trends and Wood’s views on the evolving cryptocurrency landscape. According to Benzinga’s coverage, Wood has expressed concerns about the impact of a potential Bitcoin ETF on Grayscale’s competitive edge.The sale also coincides with Bitcoin’s recent surge past $44,000, as detailed in another Benzinga report, highlighting Ark’s dynamic investment strategy in response to market shifts.Other Key Trades:Significant purchases included Adaptive Biotechnologies and Accolade Inc through ARK Genomic Revolution ETF, indicating a continued interest in the healthcare sector.Investments in tech were evident with buys in Trade Desk Inc, PagerDuty Inc, and Iridium Communications Inc through multiple ETFs.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1174617891"}