Bloomberg analyst: ARK may sell $130 million of GBTC to fund a spot Bitcoin ETF
ChainCatcher news, Bloomberg analyst Eric Balchunas stated that ARK/21Shares may inject capital into its spot Bitcoin ETF by selling $130 million of GBTC, thereby gaining an early lead in the spot Bitcoin ETF race. The analyst noted that this move does not guarantee a lead, but it will help, as they need it to compete with companies like BlackRock and Fidelity.
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