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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tamsialu$$ on June 25, 2021, 02:21:53 AM

Title: ARK Invest Bought $29M Shares in Grayscale Bitcoin Trust During Crash
Post by: Tamsialu$$ on June 25, 2021, 02:21:53 AM

Ark Invest purchased more than 1 million shares of the Grayscale Bitcoin Trust during Tuesday's trading session. GBTC, which currently commands $21.9 million in assets under management, is the oldest and largest crypto fund launched by New York-based firm Grayscale Investment. It offers investors SEC-regulated exposure to Bitcoin, tracking the price of the benchmark cryptocurrency. One GBTC share currently trades at $28.96. On Tuesday, in a purchase worth nearly $50 million, ARK Invest also added 214,718 shares of cryptocurrency Coinbase to its ARK Innovation Fund (ARKK). The fund now holds over 3.6 million shares in the cryptocurrency exchange worth more than $820 million.BARK Invest was among the first to buy Coinbase stock after Coinbase debuted on the Nasdaq in April this year.more (https://decrypt.co/74421/ark-invest-bought-29m-shares-grayscale-bitcoin-trust-during-crash)