Bloomberg Analyst: ARK may sell $130 million in GBTC to inject capital into spot Bitcoin ETF

Odaily News Bloomberg analyst Eric Balchunas posted on the X platform that ARK/21Shares may inject capital into its spot Bitcoin ETF by selling US$130 million in GBTC, thereby taking the lead in the initial stage of the spot Bitcoin ETF competition. Analysts say such a move wont guarantee it a lead, but it will help, and they need it to compete with the likes of BlackRock and Fidelity.