Cathie Wood’s ARK boosts Bitcoin (BTC) balance in recent drop
Cathie Wood’s ARK has increased its Bitcoin (BTC) balance in the last drop.
Cathie Wood’s ARK Investment Management has bought on the dip, as Bitcoin’s plunge below $30,000 has panicked even some of the hottest bulls. The ARK Next Generation Internet ETF has purchased 1,046,002 shares of Grayscale Bitcoin Trust on Tuesday, according to the firm’s daily trading summary.
On Wednesday, the fund has a weight of 4.57 in GBTC. Trust shares represent the third-largest holding of the ARK Next Generation Internet ETF (just behind Square and Tesla).
Meanwhile, the ARK Innovation ETF has purchased 214,718 shares of Coinbase, the largest US crypto exchange.
Yesterday, Bitcoin dropped to a five-month low of $28,600 before the bulls managed to make a comeback. According to the data of the leading cryptocurrency Coinecko, at the time of writing, it was trading at $ 34,341.