![Cathie Wood’s ARK Invest Sold $5M Worth of GBTC Shares Last Week Cathie Wood’s ARK Invest Sold $5M Worth of GBTC Shares Last Week](https://digitallifegaming.com/wp-content/uploads/2023/11/EAWKDMFIRREVFJRDIZGCJ3UDHA-768x402.jpg)
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The discount shrank to 8.6% on Friday, the lowest since July 2021, in a sign of escalating optimism that a spot bitcoin exchange-traded fund (ETF) will finally be approved in the U.S. Analysts attributed the improvement to Grayscale’s meeting with the Securities and Exchange Commission (SEC) about turning the trust into a spot ETF. The discount hit a record low of almost 50% last December.
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