Birdwatch Note Rating
2023-12-28 22:37:58 UTC - HELPFUL
Rated by Participant: 9F59866EC180E9C1B10C26F5D08EA0F3F7FBF6934841B49ED5059EE6F1FA040A
Participant Details
Original Note:
Cathie Wood didn’t sell any Bitcoin. She sold all of ARK Invest’s GBTC holdings, which are shares in Greyscale’s Bitcoin ETF. With half the proceeds, 100 million USD, she re-invested into BITO, which are shares in the ProShares Bitcoin Strategy futures ETF. https://x.com/ericbalchunas/status/1740194923608178920?s=46 https://decrypt.co/211088/cathie-woods-ark-sells-remaining-gbtc-shares-buys-100m-in-bitcoin-futures-etf?amp=1
All Note Details