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ARK Invest Sold $5M Worth of Grayscale Bitcoin Trust Shares Last Week

The sales took place as the discount for Grayscale's bitcoin investment vehicle narrowed to its lowest in over two years, a sign of escalating optimism that a spot bitcoin ETF will finally be approved in the U.S.

Ark Invest CEO Cathie Wood
Ark Invest CEO Cathie Wood (Danny Nelson/CoinDesk)