Cathie Wood has shown that she continues to believe in Bitcoin as her ARK Next Generation Internet ETF (ARKW) added 315,259 shares of Grayscale Bitcoin Trust (OTC:GBTC) yesterday.
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Currently, GBTC represents a 4.6% weighting in the ARKW ETF, translating to a value of almost $55 million. GBTC is currently at a multi-year low, as it has fallen over 70% year-to-date.
Things haven’t been much better for Cathie Wood’s fund either, as it has fallen almost 60% year-to-date and more than 70% from its all-time high.
