Cathie Wood's ARK Buys $1.5M of Shares in Grayscale's Bitcoin Trust at Record Discount
Cathie Wood's ARK Investment Management bought another 176,945 shares ($1.46 million) in Grayscale's Bitcoin Trust (GBTC) on Monday as the crypto market slumped to a two-year low. The purchase comes as GBTC shares trade at a record 45% discount to net asset value (NAV) as negative sentiment continues to spread following the collapse of FTX.
