Did Cathie Wood sell Coinbase? ARK Invest, investment vehicle of crypto enthusiast Cathie Wood, sold its 2.2 million shares in Grayscale Bitcoin Trust ($GBTC), the popular Bitcoin Futures fund and its largest single holding as of last month, and 1.5 million shares of exchange Coinbase. Rather than being a sign of lost confidence, both trades are well-timed exits that capitalize on each equity’s price increases while freeing up liquidity to invest in the firm’s own Bitcoin Spot ETF, a fund which could be approved in as few as two weeks. The trade appears unrelated to recent leadership changes at Grayscale where chairman Barry Silbert, also founder of Grayscale parent company Digital Currency Group, is stepping down to be replaced by CFO Mark Shifke, a decision for which no official reason was provided. #Crypto #Cryptocurrency #DCG #DigitalCurrency #DigitalCurrencyGroup #CathieWood #Coinbase #GBTC #Bitcoin #BTC #ETF #SpotETF #FuturesETF #ARK #investing #investingnews #technews #tech #technology #cryptonews