GBTC shares
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ARK Fund reduces GBTC holdings by over 296,000 shares amid price slump
According to reports, ARK Ark Fund position data shows that from February 1, 2022 to now, ARK Fund has reduced its holdings of 296694 grayscale GBTC shares. At current prices, the value is approximately $4.5777 million. As of Friday’s close, GBTC closed at $15.43. ARK Fund has reduced its holdings of nearly 300000 GBTC shares since February 1 Analysis based on this information:Reports show that ARK Ark Fund, a well-known investment firm focused on innovative technologies, has decreased its holdings of grayscale GBTC shares by over 296,000 since February 1, 2022. Based on current market prices, the estimated value of these shares amounts to approximately $4.5777 million. This move is particularly interesting since ARK Fund had been increasingly bullish on Bitcoin in the past, but has recently reduced its exposure to the cryptocurrency. The Grayscale Bitcoin Trust (GBTC) is one of the most popular investment vehicles for Bitcoin exposure in the traditional financial space. GBTC shares are a way for…
