One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a sizable purchase on Wednesday. The fund bought over 1 million shares of Grayscale Bitcoin Trust (OTC: GBTC), as the price of this ETF was relatively flat on the day. Note that this fund is still up significantly in the past year.
Specifically, ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 1,046,002 shares of Grayscale’s Bitcoin Trust. At Tuesday’s closing price, this would have valued this purchase at roughly $29.3 million. Even though this is a small fraction of the fund’s total holdings, every little bit counts. The fund is up 73% in the past year.
Here’s a look at all the other Buys across the ARK ETFs:
|ARKF||Buy||1833HK||PING AN HEALTHCARE AND TECHNOLOGY CO LTD||603,800|
|ARKF||Buy||BEKE||KE HOLDINGS INC||124,857|
|ARKK||Buy||COIN||COINBASE GLOBAL INC||214,718|
|ARKQ||Buy||BLDE||BLADE AIR MOBILITY INC||116,164|
|ARKW||Buy||GBTC||GRAYSCALE BITCOIN TRUST BTC||1,046,002|
|ARKX||Buy||2618HK||JD LOGISTICS INC||583,137|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.