Market News

Cathie Wood Increases Position in Grayscale Bitcoin Trust

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.

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.

Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More