Cathie Wood Rides Bitcoin Rally And Dumps More Of GBTC, Taking Week’s Selling To $13M
Cathie Wood-owned Ark Invest on Friday sold more of Grayscale Bitcoin Trust (OTC:GBTC) shares on Friday, a daily trade disclosure form the firm showed. What Happened: Ark, through its ARK Next Generation Internet ETF (NASDAQ:ARKW), sold 102,672 shares off GBTC on Friday and the sale would have fetched the company $3.65 million. The fund ended the session up 4.73% at $35.51, according to Benzinga Pro data. Ark has remained a seller of GBTC shares since late October, asBitcoin (CRYPTO: BTC) began to rally amid an increase in risk appetite. The firm sold the fund in four of the five sessions with…