ARK Invest, led by Cathie Wood, has sold all of its remaining $200 million worth of shares in the Grayscale Bitcoin Trust (GBTC), according to Bloomberg ETF analyst Eric Balchunas.
A few months ago, GBTC share holdings were the largest component of ARK Invest?s portfolio.
However, the firm began selling its GBTC shares in October.
Analysts expect the approval of a Bitcoin ETF before January 10, 2024, with a 99% certainty.
ARK Invest's CEO, a well-known Bitcoin advocate, shares this optimism.