Ark Investment Management, the global asset management company, now holds over 8 million shares in Grayscale’s Bitcoin investment fund, the Grayscale Bitcoin Trust.
According to one declaration recent, filed with the United States Securities and Exchange Commission (SEC), Ark Investment Management, the global innovation and technology investment and asset management company, declared a total of 7.307.228 shares in the investment fund of Bitcoin (BTC) which is powered by Grayscale, the world’s largest digital asset manager. However, as of this writing, according to the investment firm’s daily update, its shares in Grayscale’s Bitcoin fund already exceed 8,3 million.
Ark Investment Management is one of the first investment firms to buy the fund's shares Grayscale Bitcoin Trust (GBTC) Grayscale, and has since increased its stake in the trust significantly. The fund management company is in charge of Cathi Wood, founder of ARK Investment and who also serves as its CEO, is also recognized as one of the leading Bitcoin investment experts on the market.
In just over a month, ARK shares held in the Grayscale Bitcoin Trust have grown by 27,7%, from 6,53 million shares on January 12 to a total of 8,34 million shares as of today, adding 1,81 million shares in this time.
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GBTC Shares Rise in Value
At the time of this writing, the value of GBTC shares is at the highest point ever seen. Currently, the value of each share in the Bitcoin investment fund is around $48,9 USD per unit, bringing ARK Investment's holdings in GBTC to over $ 408 million dollars.
Source: CathiesArk.com
The increase in the value of GBTC shares reflects the sustained and meteoric rise that the price of Bitcoin has experienced in the markets, especially in recent months. This increase led the cryptocurrency to surpass and mark new historical highs in its value several times, the latest being $49.531 USD, achieved on February 14.
More than $30 billion under management
Grayscale is the largest fund manager in cryptocurrencies, worldwide, and at the time of this note its total assets under management amount to 37,8 billion dollars, according to the latest update published by the company on its official Twitter account.
This company offers institutional and accredited investors exposure to the full investment and appreciation potential of cryptocurrencies and digital assets through its products and trusts, such as the Grayscale Bitcoin Trust (GBTC). Grayscale has investment funds for other cryptocurrencies such as Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum Classic (ETC), Zcash (ZEC), and many more. In fact, Grayscale is determined to increase its investment product offering, to offer investors greater variability and exposure to the digital world.
The company he presented Recently new proposals to include investment funds for other digital assets such as AAVE (AAVE), Cosmos (CMOS) y Polka dots (DOT), as well as their Monero (XMR), EOS (EOS) y Cardano (ADA), showing a clear interest in opening up to the potential of tokens that are growing in the decentralized finance space (DeFi).
Grayscale is the gateway for many institutions and accredited investors to participate in the financial universe offered by cryptocurrencies. Recently, Kingfisher Capital, one of the largest financial services firms in the United States, disclosed its stake in GBTC, with a total of 10.667 shares currently valued at $521.616 USD.
Continue reading: Institutional investors show strong conviction for investing in cryptocurrencies
