Extreme Investor Network

Cathie Wood Buys the Dip in Bitcoin Fund as Discount Hits Record

November 15, 2022

Chart of bitcoin's price over the past week shows the scope of Friday's sudden burst upward. (CoinDesk)

(Bloomberg) — The Grayscale Bitcoin Trust’s record discount to assets has finally got too much for Cathie Wood to ignore. Ark Investment Management snapped up more than 315,000 shares worth roughly $2.8 million of the … Read more

World’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It Holds

November 14, 2022

(Bloomberg) — Problems are multiplying for the world’s biggest crypto fund as chaos engulfs the industry in the wake of exchange FTX’s shock bankruptcy filing. The $11.4 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged … Read more