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ARK Buys Another 310,000 Grayscale Bitcoin Trust Shares On Dip

The Street2021-07-20

In addition to Grayscale Bitcoin Trust shares, ARK added another 71,877 shares of Coinbase across two ETFs.

According to asubscriptionto the firm's trade activity, Cathie Wood's ARK Invest purchased an additional 310,067 shares of the Grayscale Bitcoin Trust (GBTC) yesterday. The shares were worth approximately $7.8 million at the time of purchase.

ARK used its ARKW ETF to purchase the shares, adding 310,067 shares to its existing 8,845,921 holdings, bringing the weighting of GBTC in the ETF to just over 4.1%.

ARK also added another 71,877 Coinbase (COIN) shares across its ARKF and ARKW ETFs, showing a continued and ever-growing position in crypto-related assets. In the last few weeks, the company has beencontinuouslybuying more andmoreCoinbase shares as prices have fallen.

On Friday it wasrevealedthat the company had added $53.6 million worth of Square (SQ) shares across a couple of ETFs just after Jack Dorseyannouncedthat Square would make a division dedicated to developing DeFi on Bitcoin.

ARK has shown immense levels of confidence in the cryptocurrency industry's future by growing its positions as prices have dropped. Should prices begin to climb again, these holdings acquired at such low levels would have a tremendous payoff.

This story is developing.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论56

  • lexxselrahc
    ·2021-07-27
    Up up. 
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  • jkjk152
    ·2021-07-23
    [梭哈] 
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  • TiggerBot
    ·2021-07-21
    Seriously
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  • Tailwind
    ·2021-07-21
    Just wait n see what will happen
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  • SilverAmour
    ·2021-07-21
    She is seeing something we don't? Point for consideration 🤔
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    收起
    • Eded
      She is just averaging down . She places uiipath for weeks already
      2021-07-21
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    • Tailwind
      really? 🤔
      2021-07-21
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  • Imgoh
    ·2021-07-21
    Buy at dip
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    • koolgal
      Good strategy
      2021-07-26
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  • michael11
    ·2021-07-21
    Ok
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  • Humbledstox
    ·2021-07-21
    Follow
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    查看更多 1 条评论
  • Ivychai
    ·2021-07-21
    Buy 
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    收起
    • stormlee
      Comment & like pls
      2021-07-21
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  • gcchan90
    ·2021-07-21
    What are you guys waiting for
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    • stormlee
      Comment & like pls
      2021-07-21
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  • EHG
    ·2021-07-21
    Like 
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  • Huitai
    ·2021-07-21
    Her judgment is correct 
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    • gcchan90
      i second this
      2021-07-21
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  • Syww
    ·2021-07-21
    [Strong] [Strong] 
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  • QPW
    ·2021-07-21
    Bitcoin for the future$Pfizer(PFE)$
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  • BriBri
    ·2021-07-21
    Crypto bets…🤞🏻
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    收起
    • Huat899
      Pls like and comment, thanks
      2021-07-21
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    • eo1668
      done
      2021-07-21
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    • BriBri
      👍
      2021-07-21
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    查看更多 2 条评论
  • Darylzhuo
    ·2021-07-21
    Please like and comment. 
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    收起
    • firefirefire
      like
      2021-07-21
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    • Huat899
      Pls like and comment, thanks
      2021-07-21
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  • AndreR93
    ·2021-07-21
    Reply 
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  • Gackky
    ·2021-07-21
    she is bullish on coins. 
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  • Hayz
    ·2021-07-21
    Maybe we should have a ARK-BTC.  kw is all in ... BTC.  I am inclined to follow, judging by her by her persistence.
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  • Joashua
    ·2021-07-21
    Wow..
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    收起
 
 
 
 

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