Fun

News Feed - 2023-11-24 06:11:24

Jesse Coghlan14 hours agoCathie Wood’s ARK dumps 700K GBTC shares in one monthAfter selling nearly 700,000 GBTC shares over the past month, ARK’s Next Generation Internet ETF still holds 4.3 million GBTC shares worth $131.8 million.2293 Total views20 Total sharesListen to article 0:00NewsJoin us on social networksCathie Wood’s investment firm, ARK Invest, has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit 17-month highs over excitement for a possible spot Bitcoin exchange-traded fund (ETF).


The ARK Next Generation Internet ETF (ARKW) sold 36,168 GBTC shares on Nov. 22, offloading a total of 697,768 GBTC since Oct. 23, according to ARK’s daily trading data seen by Cointelegraph.


ARKW offloaded roughly $1 million in GBTC as Grayscale’s trust traded around $30 on Nov. 22, closing at $30.50, per Google Finance data. United States markets closed on Nov. 23 for Thanksgiving.GBTC daily price on Nov. 22. Source: Google Finance


ARK started selling Grayscale Bitcoin Trust shares on Oct. 23, 2023, as Bitcoin was heading toward $34,000. Before that, ARK’s previous reported GBTC transaction was in November 2022, when the firm sold 450,272 GBTC shares.


Related:Grayscale met with SEC to discuss spot Bitcoin ETF details


After selling nearly 700,000 GBTC shares over the past month, ARK’s ARKW still holds $131.8 million worth of GBTC, or more than 4.3 million GBTC shares. As of Nov. 24, Grayscale Bitcoin Trust accounts for 9.2% of ARKW’s portfolio, ranked third after Coinbase and Roku, according to the official ARKW data.The ARK Next Generation Internet ETF’s top three holdings by weight. Source: ARK


The ARK ETF that offloaded the funds is up over 68% year-to-date compared to the over-271% posted by Grayscale’s trust, per Google Finance data.


Meanwhile, Bitcoin is up 125% YTD and neared $38,000 on Nov. 16, the highest since May 2022, per Cointelegraph Markets Pro.


Additional reporting by Helen Partz.


Magazine:Asia Express: HTX hacked again for $30M, 100K Koreans test CBDC, Binance 2.0# Bitcoin# Cryptocurrencies# Business# ETF# Stocks# GrayscaleAdd reactionAdd reactionRead moreMilei presidential victory fuels optimism in Argentina’s Bitcoin communityMilei vowed to close Argentina’s central bank — But will he do it?Bitcoin futures data highlight investors’ bullish view, but there’s a catch

News Feed

10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling
10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling If you are not ready to part with decentralized money, at a time when prices are relativ
Bank of Russia Accelerates Schedule for Digital Ruble Project
Bank of Russia Accelerates Schedule for Digital Ruble Project The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the fu
Rakesh Upadhyay6 hours agoPrice analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATICBitcoin and Ether are leading the cryptocurrency markets from the front, but the risk of a short-term pullback remains.2
Brian Quarmby4 hours agoSEC hints at potential appeal to XRP ruling from Ripple Labs lawsuitAccording to court documents, the SEC stated that it is now “considering the various available avenues for further review”
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Monday as Markets Remain Sluggish Following Christmas
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate on Monday as Markets Remain Sluggish Following Christmas Cryptocurrencies were mostly consolidating on Dec. 26, as market
Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says
Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says High rates of crypto ownership, with purchases often made on advice from Youtube an
Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon
Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of it
Bitcoin Boom: Is BTC Preparing For Another 6X To $462,000?
Este artículo también está disponible en español. Bitcoin is marching higher, easing past $70,000 and $72,000 in the past two days, sparking a wave of demand. Although pr
Brayden Lindrea8 hours agoLido on Solana wind down ‘deemed a necessity’ after low fees, says staking firmUnsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetti
Kickoff Your DeFi Adventure With Yearnify Finance – Get Your Tokens on Pre-Sale
Kickoff Your DeFi Adventure With Yearnify Finance – Get Your Tokens on Pre-Sale Decentralized Finance is definitely in the mainstream of the crypto industry. S
Hathor Network, $HTR Live on KuCoin, Has Just Released Exciting News: The Detailed 2021 Roadmap
Hathor Network, $HTR Live on KuCoin, Has Just Released Exciting News: The Detailed 2021 Roadmap press release PRESS RELEASE. Hathor Network ($HTR, live on KuCoin)
Report: Chinese Customs Authority Confiscates 49 Old ASIC Antminers
Report: Chinese Customs Authority Confiscates 49 Old ASIC Antminers Chinese authorities continue to crackdown against bitcoin miners after they seized 49 second-hand Bitmain ASIC A