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Cathie Wood Buys Bitcoin Futures ETF; SEC Approves 11 Spot Bitcoin ETFs

Just before 2023 ended, ARK Invest CEO Cathie Wood sold all of the company's remaining Grayscale Bitcoin Trust (GBTC) holdings. The firm's Next Generation Internet Fund (ARKW) sold 2.25 million shares of GBTC and used some of those holdings to purchase 4.32 million shares of the ProShares Bitcoin Strategy ETF (BITO). While both GBTC and BITO track the price of Bitcoin with futures, GBTC is slightly different from BITO in terms of its relationship with spot Bitcoin exchange-traded funds (ETFs). I ....

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Cathie Wood Buys Bitcoin Futures ETF: Will Spot BTC ETFs Get Approved This Week?

Just before 2023 ended, ARK Invest CEO Cathie Wood sold all of the company's remaining Grayscale Bitcoin Trust (GBTC) holdings. The firm's Next Generation Internet Fund (ARKW) sold 2.25 million shares of GBTC and used some of those holdings to purchase 4.32 million shares of the ProShares Bitcoin Strategy ETF (BITO). ....

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Barry Silbert and Mark Murphy Resigned from Grayscale's Board

No Bullshit Bitcoin is funded by our community. "Grayscale Investments, whose application to turn its Bitcoin Trust (GBTC) into a U.S. spot exchange-traded… ....

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Digital Asset Research Highlights Key Bitcoin And Crypto Industry Developments Heading Into 2024

Digital Asset Research Highlights Key Bitcoin And Crypto Industry Developments Heading Into 2024
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