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Cathie Wood's ETF shakes up Bitcoin holdings, exits GBTC stake, buys into BITO

Published 28/12/2023, 10:26
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ARK Next Generation Internet ETF, one of several exchange-traded funds managed by Cathie Wood, sold its entire 2.25M share stake in Grayscale Bitcoin Investment Trust (GBTC) on Wednesday, according to a report by Bloomberg.

On the same day, the ETF acquired 4.32M shares of ProShares Bitcoin Strategy ETF (BITO), becoming the second-biggest holder in the fund.

Cathie Wood reiterated the Grayscale Bitcoin Trust as her top pick as recently as last month, at a conference in Australia.

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