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Grayscale Bitcoin Trust among top performers at ARK Invest in Q2 2023

Grayscale Bitcoin Trust (GBTC) was among the top performers at Cathie Wood's ARK Invest in Q2 2023, contributing to the success of its ARK Next Generation Internet exchange-traded fund (ARKW).

GBTC was one of the top five drivers of ARKW's growth, accounting for 108 basis points at ARKW. Although GBTC was a top performer, it trails Coinbase in terms of asset allocation at ARKW. ARKW had nearly 20% of assets related to cloud computing and about 19% related to blockchain in Q2.

Bitcoin Bitcoin $90,640.34
-0.22%
Ark Invest Coinbase
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