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International Business Times

Business

Nica Osorio

ARK Offloads GBTC Stake To Fund Ark 21Shares Bitcoin ETF: Analyst

ARK Bitcoin ETF GBTC 21Shares Eric Balchunas Ark Invest Cathie Wood BITO SEC

2% Long-Term Interest Rates? | ITK with Cathie Wood (Credit: YouTube Screenshot/ Ark Invest Official YouTube Chanel)

KEY POINTS

ARK Invest is now the second-largest BITO holder
The investment fund no longer holds any GBTC
Last week, ARK 21Shares Bitcoin ETF filed an amended application with the SEC

ARK Invest has reportedly liquidated its entire position in Grayscale Bitcoin Trust (GBTC) to support the potential launch of its Ark 21Shares Bitcoin exchange-traded fund (ETF) ahead of the U.S. Securities and Exchange Commission's (SEC) Jan. 10 deadline for approval of the spot Bitcoin ETF.

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