Bloomberg Analyst "ArcInvest Seems to Clean Up GBTC Pending Approval of Its BTC Spot ETF"
"Cashwood's ArcInvest appears to be cleaning out its Grayscale Bitcoin Trust (GBTC) until its Bitcoin spot ETF is approved," Bloomberg ETF analyst Eric Balchunas said on his X (formerly Twitter). "Normally, one would buy more GBTC to keep the weighting (in the ETF portfolio) at 9-11%, but it...
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