Cathie Wood’s ARK dumps 700K GBTC shares in one month

Cathie Woods investment company ARK Invest has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) struck 17-month highs over excitement for a possible area Bitcoin exchange-traded fund (ETF). The ARK Next Generation Internet ETF (ARKW) offered 36,168 GBTC shares on Nov. 22, unloading an overall of 697,768 GBTC given that Oct. 23, according to ARKs daily trading data seen by Cointelegraph.ARKW offloaded approximately $1 million in GBTC as Grayscales trust traded around $30 on Nov. 22, closing at $30.50, per Google Finance data. Before that, ARKs previous reported GBTC transaction was in November 2022, when the firm sold 450,272 GBTC shares.Related: Grayscale satisfied with SEC to talk about spot Bitcoin ETF detailsAfter offering nearly 700,000 GBTC shares over the past month, ARKs ARKW still holds $131.8 million worth of GBTC, or more than 4.3 million GBTC shares.