Cathie Wood Buys $1.5 Million in Grayscale Bitcoin Trust
Ark Investment Management whose CEO is Cathie Wood has made another offensive move in the bear market, making Black Week to mean a lot.
At this moment, Grayscale Bitcoin Trust is down 45 % from the start of the year, showing that the whole market is in discount for now. The total position of Ark lays at $53 million at Grayscale Bitcoin Trust, showing the trust which is mutual for them.
FTX’s collapse has pressed the market a lot and many players seems to struggle regarding the provided liquidity which is offered from the investors. This shows that a huge cleanup is on the way and the strongest and more reliable players will survive.
We wait for the new developments on the field…