Investment management firm ARK Invest is continuing to sell its stake in Grayscale Bitcoin Trust (GBTC).
On 18 December, ARK sold 809,441 GBTC shares from its ARK Next Generation Internet ETF (ARKW), totalling roughly $27.9 million based on the closing share price that day.
This follows repeated divestment from GBTC, which could soon slide out of ARKW's top three holdings.
ARK Invest is increasing its holdings in Jack Dorsey's Block.