On Monday, Cathie Wood-led Ark Invest made significant trades, notably selling shares of Block Inc (NYSE:SQ) and Grayscale Bitcoin Trust (OTC:GBTC) worth over $53.6 million. This move comes amid recent appreciation in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices. The rise in cryptocurrency prices took place after BlackRock filed an amendment with the Securities and Exchange Commission for its spot Bitcoin ET The Block Inc. Trade Ark Invest’s decision to sell a substantial amount of shares in Block, a company led by Jack Dorsey, was particularly noteworthy. This move followed Wood’s …

Read More