Cathie Wood Dumps Over $6M Grayscale Bitcoin Fund This Week As Bitcoin Rallies About 14%, While Amassing $12.4M Worth Of This Crypto-linked Stock

Ark Invest sold more Grayscale Bitcoin Trust (OTC:GBTC) units on Friday, as the fund recovered this week amid a rally in its underlying asset Bitcoin (CRYPTO: BTC). What Happened: On Friday, the Cathie Wood-led firm's Ark Next Generation Internet ETF (NYSE:ARKW) sold 66,342 units of GBTC, valued at $1.66 million based

Ark Invest sold more Grayscale Bitcoin Trust (OTC:GBTC) units on Friday, as the fund recovered this week amid a rally in its underlying asset Bitcoin (CRYPTO: BTC). What Happened: On Friday, the Cathie Wood-led firm's Ark Next Generation Internet ETF (NYSE:ARKW) sold 66,342 units of GBTC, valued at $1.66 million based on its closing price of $25.07.