A Cathie Wood ETF just overhauled its Bitcoin-related holdings One of Cathie Wood’s exchange-traded funds has executed a massive shake-up in its Bitcoin-related holdings as the cryptocurrency rounds out a blockbuster year. The ARK Next Generation Internet ETF sold all of its remaining 2.25 million shares of the Grayscale Bitcoin Trust on Wednesday, according to data compiled by Bloomberg. The same day, it bought 4.32 million shares of ProShares Bitcoin Strategy ETF, according to Ark Investment Management LLC’s daily data, making it the second-biggest holder of the fund. Wood has been trimming her holdings in the Grayscale Bitcoin Trust — which used to be ARK Next Generation Internet ETF’s top holding — in recent months, even as Bitcoin rose to its highest level since April 2022. The cryptocurrency has more than doubled in 2023, with much of the gains coming toward year-end amid speculation that the US Securities and Exchange Commission will approve spot Bitcoin ETFs early next month. Wood touted the Grayscale Bitcoin Trust as her top pick at the Sohn Australia conference last month. Follow us onTwitter,Facebook,LinkedIn
The regulator had undertaken a series of surveillance actions to ensure that the volatility in the Adani group companies’ share prices was contained. This will be a part of the brief to the finance minister on Wednesday, the sources said.