NFT News Official TheBitTimes.com

Cathie Wood’s investment company, ARK Invest, sold shares of the Coinbase crypto exchange and the Grayscale Bitcoin Trust (GBTC) worth about $5.8 million. The transactions took place through several of the firm’s funds. Thus, ARK Next Generation Internet ETF sold 100,739 GBTC at $24.71 and 32,158 COIN at $77.21. ARK Fintech Innovation ETF sold out 10,455 COIN at $77.21. Cathie Wood and Ark Invest's trade activity from today 10/23 pic.twitter.com/3SilCpHQFG — Ark Invest Daily (@ArkkDaily) October 24, 2023 The investment firm is likely taking profits from the recent crypto rally. On Oct. 24, Bitcoin (BTC) reached $35,000. Following BTC, other assets from the top 10 by capitalization also went green. Source: CoinGecko At the time of writing, the first cryptocurrency is trading at $34,416.41, having increased by more than 20% over the past week. According to MarketWatch, Coinbase is valued at $83.85 in premarket trading, up 8.6% overnight. ARK Invest and ...

The SEC has postponed its decision on the Ark Invest & 21Shares Bitcoin ETF proposal as it’s soliciting feedback from the public . The recent actions of the Securities and Exchange Commission (SEC) towards the spot Bitcoin (BTC) ETF proposal by Ark Invest and 21Shares have garnered significant attention. Contrary to widespread anticipation, the SEC did not deliver a clear verdict – neither an approval nor a rejection. You might also like: What is Bitcoin ETF and which companies applied for it in the US? As revealed in their official documentation, the SEC has initiated “proceedings” to decide on the future of this Bitcoin ETF conclusively. The move follows several proposals the SEC has encountered in the past few months. Significantly, such initiation of proceedings doesn’t necessarily reveal the SEC’s stance on the matter. It merely underscores their commitment to a thorough examination, as the document emphasizes the absence of any fin...