ARK Next Generation Internet ETF, one of several exchange-traded funds managed by Cathie Wood, sold its entire 2.25M share stake in Grayscale Bitcoin Investment Trust (GBTC) on Wednesday, according to a report by Bloomberg.
On the same day, the ETF acquired 4.32M shares of ProShares Bitcoin Strategy ETF (BITO), becoming the second-biggest holder in the fund.
Cathie Wood reiterated the Grayscale Bitcoin Trust as her top pick as recently as last month, at a conference in Australia.