Grayscale Bitcoin Trust Among ARK's Best Performing ETFs in Q2 2023
GBTC's share of ARKW's total holdings was approximately 7.5%, roughly the same amount as Tesla, in Q2 2023, while Coinbase was the top allocated asset, accounting for nearly 9%.
News Join us on social networksThe digital currency investment product, Grayscale Bitcoin Trust (GBTC), was one of the best performers at Cathie Wood's ARK Invest in Q2 2023.
According to ARK's latest quarterly ETF report released on July 19, GBTC was a major contributor to the success of its Internet Exchange Traded Fund ARK Next Generation (ARKW) in the second quarter.
According to the data, GBTC was one of the top five drivers of ARKW's growth of more than 9% in the second quarter, alongside other high performers such as Tesla, Shopify, Unity Software and Draftkings. Ranked in fifth place, Grayscale was 108 basis points at ARKW, while top asset Tesla was 232 basis points, the document notes.
GBTC's share of ARKW's total holdings was approximately 7.5%, roughly the same amount as Tesla, in Q2 2023, while Coinbase was the top allocated asset, accounting for nearly 9%.
News Join us on social networksThe digital currency investment product, Grayscale Bitcoin Trust (GBTC), was one of the best performers at Cathie Wood's ARK Invest in Q2 2023.
According to ARK's latest quarterly ETF report released on July 19, GBTC was a major contributor to the success of its Internet Exchange Traded Fund ARK Next Generation (ARKW) in the second quarter.
According to the data, GBTC was one of the top five drivers of ARKW's growth of more than 9% in the second quarter, alongside other high performers such as Tesla, Shopify, Unity Software and Draftkings. Ranked in fifth place, Grayscale was 108 basis points at ARKW, while top asset Tesla was 232 basis points, the document notes.
Although GBTC was one of the top performers for ARKW in Q2 2023, the asset lags behind Coinbase in terms of asset allocation amount at ARKW. Grayscale was almost as much as ARKW's holdings of Tesla at just over 7.5%, while Coinbase was the top allocated asset at almost 9%.
What's Your Reaction?