Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Ripple CEO Breaks Silence on Company’s Academic Blockchain Vision

July 12, 2025

Big Crypto Whales Make Big Trades as the Market Rises – Here’s What They Trade

July 12, 2025

Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground

July 12, 2025
Binance’s CZ Denies Bloomberg Report on Trump-Backed USD1 Stablecoin

Binance’s CZ Denies Bloomberg Report on Trump-Backed USD1 Stablecoin

July 12, 2025

Powell ‘May Resign’ Over $2.5B HQ, Trump Demands 1.25% Rate

July 12, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground

    July 12, 2025

    Powell ‘May Resign’ Over $2.5B HQ, Trump Demands 1.25% Rate

    July 12, 2025

    Will Ripple Shift to Full XRP Control? Bitwise CEO Thinks So

    July 12, 2025

    Crypto Founder Pushes Ethereum As ‘World Reserve Asset’

    July 12, 2025

    Crypto Expands Where Trust is Needed Most: Interview With Paybis CBDO Konstantins Vasilenko

    July 12, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » ARK Sells $28M Grayscale Bitcoin Trust Shares as Bitcoin Nears $43K
Markets

ARK Sells $28M Grayscale Bitcoin Trust Shares as Bitcoin Nears $43K

Crypto Observer StaffBy Crypto Observer StaffDecember 19, 2023No Comments1 Min Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Cathie Wood’s ARK continues to trim its holdings of the Grayscale Bitcoin Trust (GBTC) as the discount narrows and bitcoin (BTC) nears $43,000.

A disclosure from ARK shows that ARK Next Generation Internet ETF (ARKW) sold 809,441 shares of GBTC for approximately $28 million.

After this latest sale, the investment firm is left with 3.4 million GBTC shares ($117.4 million), down from a high of around 9 million shares in July 2021.

ARKW bought the GBTC shares at an average cost of $24.08, putting this sale in the black as GBTC is currently trading for $34.54.

Bitcoin is currently trading above $42,900, according to CoinDesk Indicies data, and is up 17% over the last 30 days.

Read the full article here

Fintech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Big Crypto Whales Make Big Trades as the Market Rises – Here’s What They Trade

July 12, 2025

It’s been a wild 160% run for Robinhood in 2025, but can it keep defying gravity?

July 12, 2025

Bloomberg’s Alleged ‘Hit Piece’ on Binance Founder Sparks Debate

July 12, 2025

Are Binance Founder CZ and Donald Trump in an Alliance? Here are the Allegations

July 12, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Ripple CEO Breaks Silence on Company’s Academic Blockchain Vision

July 12, 2025

Big Crypto Whales Make Big Trades as the Market Rises – Here’s What They Trade

July 12, 2025

Bitcoin Dominance Continues Historic Climb – Altcoins Struggle To Gain Ground

July 12, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Powell ‘May Resign’ Over $2.5B HQ, Trump Demands 1.25% Rate

July 12, 2025

Will Ripple Shift to Full XRP Control? Bitwise CEO Thinks So

July 12, 2025

Crypto Founder Pushes Ethereum As ‘World Reserve Asset’

July 12, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.