Cathie Wood's ARK Invest Buys Discounted GBTC & Coinbase Shares Amid Market Uncertainty
Amid the macro slump, Cathie Wood’s ARK Invest has been strategically increasing its exposure to both Coinbase (COIN) and Grayscale Bitcoin Trust (GBTC). Known for her bold investment strategies, Cathie Wood is seemingly capitalizing on market dips to acquire assets at potentially undervalued prices.
ARK Invest Increases Exposure to COIN & GBTC
Ark Investment Management, led by Cathie Wood, has significantly increased its holdings. Since the start of November, Ark Investment Management has bought over 1.3 million shares of Coinbase Global and 450,000 shares of Grayscale. On 18 November alone, three different funds invested (with a 0.14% allocation).
ARK Invest Takes Advantage of GBTC Surge, Partially Offloads Shares
While accumulating shares during price dips, Cathie Wood's Ark Invest also offloaded a chunk of its Grayscale Bitcoin Trust (GBTC) shares since November's Bitcoin (BTC) price lows. Data reveals that Ark Invest, de Cathie Wood, se ha desprendido de una parte de sus acciones de Grayscale Bitcoin Trust (GBTC) desde los mínimos del precio de Bitcoin de November. This strategic move comes as the leading crypto experiences a surge.
Understanding ARK's GBTC Strategy: Selling Shares, Increased Weight?
Interestingly, Ark's GBTC weight in the portfolio actually increased despite the fund selling 500,000 shares in the past month. This suggests a calculated approach, potentially involving rebalancing and profit-taking.
Other ARK Invest Portfolio Adjustments
Cathie Wood’s asset management firm Ark Invest liquidated huge holdings in 16 shares including AMD, Cloudflare, Shopify, Stratasys, and crypto-related companies. This rebalancing reflects ARK's evolving investment thesis.
Cathie Wood's ARK Invest: A Long-Term Bitcoin Bet?
The recent actions of Cathie Wood's Ark Invest – buying Coinbase shares and strategically selling GBTC – signal a complex and potentially long-term investment strategy within the cryptocurrency space. Keep an eye on ARK's moves as they continue to navigate the volatile crypto market.