Last Updated on November 14, 2023 by Bitfinsider
According to an emailed report, ARK sold 201,047 GBTC shares from its Next Generation Internet ETF (ARKW). Based on the closing price on Friday, the shares were valued at $6.03 million. GBTC remains ARKW’s biggest investment, with a 9.97% weighting worth around $132 million.
Last week, GBTC shares increased about 10%, from roughly $27.35 to little under $30. In 2023, the trust has increased over 250%, nearly double the gain of bitcoin (BTC), which is up roughly 123% this year.
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