Cathie Wood has just bought 1 million shares, worth around $29 million, of GBTC, Grayscale's BTC ETF fund recently and now become the third largest holding of GBTC via her ARKW ETF. What this means is Cathie bought the Bitcoin deep!
GBTC heavily Discounted?
With the recent crypto draw down the premium for GBTC has fallen to its lowest levels since inception therefore is at a fire sale price for investors to partake. This has likely lead to Cathie's decision to invest heavily into GBTC.
Cathie Woods have been doing very well investing in 2020 and although 2021 has started out well tech stocks, and especially high growth has been struggling a bit. Cathie is now investing heavily in cryto assets such as Coinbase and GBTC as a potential salvage to 2021. ARKW fund is now heavily focused on crypto assets:
Let us all keep hodling our cryptos for better days ahead. Thanks for reading.
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