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ARK Invest Liquidates Remaining GBTC Holdings, Dives into BITO

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ARK Invest, led by Cathie Wood, has completed the liquidation of its entire remaining Grayscale Bitcoin Trust (GBTC) holdings, valued at $200 million. The move comes as a significant shift in strategy for the firm. Strategic Maneuver: Shifting from GBTC to BITO The institutional asset management giant didn’t stop at shedding its GBTC shares; it …

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