ARK Invest Adjusts Portfolio, Sells Shares of Grayscale Bitcoin Trust and Coinbase

ARK Invest, under the leadership of Cathie Wood, recently made significant changes to its portfolio, shedding portions of its stakes in the Grayscale Bitcoin Trust (GBTC) and Coinbase (COIN). The value of the sold shares is roughly $1.8 million for GBTC and approximately $1.7 million for COIN. A disclosure released post market-close on Tuesday detailed the investment firms actions. Specifically, ARK Next Generation Internet ETF divested 21,062 shares of COIN and 72,509 units of GBTC. Bitcoins performance has been noteworthy, inching close to a level not seen in 16 months. The data from...


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